what is reserve currency
A shakeel currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves.The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency.he top reserve currency is generally selected by the banking community for the strength and stability of the economy in which it is used. Thus, as a currency becomes less stable, or its economy becomes less dominant, bankers may over time abandon it for a currency issued by a larger or more stable economy.