|Rank||Country||Reserves of foreign exchange and gold (US$)|
|31||United Arab Emirates||53,590,000,000|
|75||Trinidad and Tobago||10,210,000,000|
|86||Congo, Republic of the||5,886,000,000|
|92||Papua New Guinea||4,445,000,000|
|96||Bosnia and Herzegovina||4,150,000,000|
|140||Congo, Democratic Republic of the||755,700,000|
|160||Sao Tome and Principe||51,470,000|
Definition: This entry gives the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country's balance of payments needs as of the end-date of the period specified. This category includes not only foreign currency and gold, but also a country's holdings of Special Drawing Rights in the International Monetary Fund, and its reserve position in the Fund.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Reserves of foreign exchange and gold map
China May Have Tripled Gold Stockpile As Country Pushes For Yuan To Supersede Dollar As Global Reserve Currency
The Inquisitr - 4/21/2015 11:58:01 PM
Since April, 2009, when it announced an official gold stock of 1,054 tons, the People’s Bank of China (PBOC) may have tripled its gold stockpile to 3,150 tons as part of China’s long term push to diversify the country’s foreign-exchange reserve and ...
China Uses Gold To Pursue Global Power
Seeking Alpha - 4/26/2015 5:58:21 AM
most Western countries have around 70 percent of their foreign exchange reserves in gold, mostly stored in London, New York, Zurich, and Paris. As Powell indicates, China has most of its $4.4 trillion in foreign exchange reserve in dollars. If the world ...
China’s Stealth Gold Reserves To Quadruple
investing.com - 4/22/2015 5:37:27 PM
China would therefore have the third largest gold reserves in the world – second only to the ... said in March 2013 that the country could only invest as much as 2 percent of its foreign-exchange holdings in gold because the market was too small.”
IMF Unveils New Way of Assessing Country Reserves
International Monetary Fund - 4/24/2015 1:03:03 PM
Reserves—the assets denominated in foreign currency, plus gold, held by a central bank—occupy ... build assets for intergenerational purposes, or influence the exchange rate, the report notes. Countries may want reserves on hand for precautionary ...
Forex reserves at a new high of $343.2 billion
Economic Times - 4/24/2015 1:10:13 PM
MUMBAI: After falling last week, the country's foreign exchange reserves surged by a healthy $ ... pound and the yen, held in the reserves. The country's gold reserves remained stable at $19.038 billion for the reporting week. The special drawing rights ...
The Mystery Of China’s Gold Holdings Is Coming To An End
ETF Daily News - 4/23/2015 10:48:14 AM
Currently, the majority of its gold reserves have been located in the U.S. and European countries ... for just 1 percent of foreign-exchange reserves, which have surged more than fivefold in a decade and are the biggest in the world.
Significant Slip-Or Just A Blip-In Emerging Markets’ Foreign Exchange Reserves?
Value Walk - 4/24/2015 2:00:19 PM
Significant Slip-Or Just A Blip-In Emerging Markets’ Foreign Exchange ... market foreign reserves, emerging markets still remain the primary creditors of the world. And, as global equity investors, we still believe emerging market countries in aggregate ...
Gold is on the Move Between Nations, but with Little Price Reaction
Economy Watch - 4/23/2015 2:08:40 PM
Russia's gold holdings have risen over the last couple of years, as its overall reserves have fallen. Gold accounts for almost 15% of Russia's reserves. Major industrialized countries have ... only invest 2% of its foreign exchange holdings in gold because ...
Kazakhstan’s Gold Hoard Climbs for 30th Month as Russia Buys
Bloomberg - 4/23/2015 11:55:39 PM
Russia, the world’s fifth-biggest ... “It’s for diversification of their foreign exchange reserves,” Helen Lau, an analyst at Argonaut Securities Ltd. in Hong Kong, said by phone. The countries that have been increasing gold assets are “usually ...
20 countries with the largest foreign exchange reserves
Rediff India Abroad - 6/20/2014 5:46:36 AM
Foreign exchange reserves include a country's gold holdings and convertible foreign currencies ... China has become one of the world's fastest-growing major economies. As of 2013, it is the world's second-largest economy by both nominal total GDP and ...
Why do countries keep foreign exchange reserves?
The Economic Times - 11/22/2004 12:55:46 AM
In the past, during the Bretton Woods system — an international monetary system formed after the second world war, foreign exchange reserves were used by countries through their ... comprise foreign currency assets, gold and special drawing rights ...
India has up to $1 trillion in gold held by temples. Narendra Modi wants them to monetize this vast hidden wealth
Vancouver Desi South Asian news - 4/24/2015 3:40:32 PM
India is one of the largest consumers of gold in the world, importing almost 1,000 ... into parting with some of their gold to address the country’s trade imbalance and protect its foreign exchange reserves. Most of this temple gold is neither traded ...
Gold: Deaf Prophets
Safe Haven - 4/24/2015 6:18:01 PM
The world is upside down. In this world of negative capital, gold has resurfaced ... is less than 2 percent of foreign exchange reserves, pale in comparison to the average holdings of 10 percent held by other major countries. Gold has made a bottom ...
India's foreign exchange reserves at record high of $343 bn
Daijiworld - 4/24/2015 5:35:04 PM
New Delhi, April 24 (IANS): India's foreign exchange ... The reserves have risen by $2.79 billion over the week and $33.79 billion during the past one year, the weekly data showed. The reserves include predominantly foreign currency assets, gold, special ...
Countries Can't Devalue Their Way to Prosperity
Forex Street - 4/19/2015 11:31:45 PM
Most people typically don’t think about exchange rates unless they are heading out of the country. My son had never ... literally and figuratively. Official Foreign Exchange Reserves: Details Matter Many of the world’s central banks hold reserves ...