EFR full form, What is the full form of ERF

EFR full form, What is the full form of ERF

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.