EFR full form, What is the full form of ERF
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| EFR full form, What is the full form of ERF |
The full form of ERF is Exchange Fluctuation Reserve.
Price fluctuations in exchange markets result in gains and losses in the purchasing power of reserves. Therefore, a central bank must continually increase the number of its reserves to maintain the same power to manipulate exchange rates. Reserves of foreign currency provide a small return in interest.