By
Department of Research and Chief Economist (VPS/RES/RES)
Gross international reserves, as % of M2, end of period. End of period gross international reserves in US$ are divided by end of period M2 in US$. International reserves include gold, foreign currency assets, short and long term placements, and other reserve assets. M2 is defined as the sum of currency in active circulation, private sector demand deposits in local currency, public sector demand deposits in local currency, private sector time and savings deposits in local currency, and public sector time and savings deposits in local currency.
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