Gold Tranche (Reserve Tranche) refers to

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Q: (IAS/2020)
“Gold Tranche” (Reserve Tranche) refers to

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,261,69,21,21,27,261

keywords: 

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Gold Tranche (Reserve Tranche) refers to a credit system granted by the International Monetary Fund (IMF) to its member countries. The Reserve Tranche is an arrangement in which member countries of the IMF are allowed to hold a certain amount of its own currency or gold without any interest or service charges. This can be used in times of emergency, such as balance of payments difficulties or a global financial crisis, to help the country meet its foreign exchange obligations.