Exchange Stabilization Fund
Reserve fund of the US Treasury Department / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Exchange Stabilization Fund?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
The Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention.[1] This arrangement (as opposed to having the central bank intervene directly) allows the US government to influence currency exchange rates without directly affecting domestic money supply.
As of December 2019, the fund held assets worth $94 billion, including $51 billion in special drawing rights (SDRs) from the International Monetary Fund (IMF).[2]