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In what form does the national foreign exchange reserve exist? Is it cash or securities?
Foreign exchange reserves exist in the form of cash, bank deposits, foreign government bonds and corporate bonds.

The purposes of foreign exchange reserves are: 1, balancing the balance of payments. 2. Stabilize the national currency. 3, as a material guarantee for domestic loans or repayment to foreign countries.

It depends on the situation at that time and the way and dosage of use.