Unless otherwise defined, this now refers to foreign currency – usually invested in interest-bearing securities of the corresponding denomination – held by a central bank. Worldwide, just under twenty-eight percent of the foreign exchange reserves of all central banks were invested in EUR in 2009; the share of the USD was just over sixty-two percent. – In the case of the currency forcing economy, it is more commonly referred to as currency cover. – See dollar crash, gold sacrifice, foreign exchange reserve. – See the amount of the ECB’s reserves, broken down by individual items, in the annex “Euro area statistics,” heading “External sector” of the respective Monthly Bulletin of the ECB, Annual Report 2005 of the Deutsche Bundesbank, p. 78 (worldwide overview), Annual Report 2006 of the Deutsche Bundesbank, p. 73 (worldwide overview 1998 and 2004-2006), Annual Report 2007 of the Deutsche Bundesbank, p. 77 (worldwide overview continued), and the respective Annual Report of the Deutsche Bundesbank, section “Economic and monetary developments in the euro area.”
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