COFER (Currency Composition of Official Foreign Exchange Reserves) is an IMF database that keeps end-of-period quarterly data on the currency composition of official foreign exchange reserves. The currencies identified in COFER are:
U.S. dollar,
Euro,
Pound sterling,
Japanese yen,
Swiss francs, and
Other currencies.
Before the euro was introduced in 1999, the European currencies identified separately were:
European Currency Unit (ECU),
Deutsche mark,
French franc, and
Netherlands guilder.
Foreign exchange reserves in COFER consist of the monetary authorities’ claims on nonresidents in the form of:
Deutsche mark,
French franc, and
Netherlands guilder.
Foreign exchange reserves in COFER consist of the monetary authorities’ claims on nonresidents in the form of:
foreign banknotes,
bank deposits,
treasury bills,
short- and long-term government securities, and
other claims usable in the event of balance of payments needs.
Foreign exchange reserves in COFER do not include holdings of a currency by the issuing country. For instance, the U.S. dollar assets of the Federal Reserve and the euro assets of the European Central Bank and member countries of the European Economic and Monetary Union are not foreign exchange reserves. The definition of foreign exchange reserves in COFER is the same as that in the IMF’s International Financial Statistics (IFS).
bank deposits,
treasury bills,
short- and long-term government securities, and
other claims usable in the event of balance of payments needs.
Foreign exchange reserves in COFER do not include holdings of a currency by the issuing country. For instance, the U.S. dollar assets of the Federal Reserve and the euro assets of the European Central Bank and member countries of the European Economic and Monetary Union are not foreign exchange reserves. The definition of foreign exchange reserves in COFER is the same as that in the IMF’s International Financial Statistics (IFS).
Source: IMF
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