|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 clamours to set global gold prices
Al JAZEERA - 7/2/2015 11:05:26 AM
It's a mid-June afternoon at the Shanghai Gold Exchange ... gold in the country. "Before that, the SGE had a small number of foreign investors, and they could participate only if they had local banking licenses," said Roland Wang of the World Gold Council.
20 countries with the largest foreign exchange reserves
Rediff India Abroad - 6/20/2014 1:53:22 PM
Foreign exchange reserves include a country's gold holdings and convertible foreign currencies ... It figured in the National Power Index list of 20 most powerful countries. The country has the world's second largest oil reserves and the world's sixth ...
Tunisia attack to sap reserves but economy can avoid crisis
Reuters - 6/29/2015 4:20:58 AM
This, in turn, will hit Tunisia's foreign exchange reserves and could ... providing 7 percent of the country's jobs and gross domestic product directly, and 15 percent of GDP including wealth generated indirectly, the World Travel and Tourism Council ...
What is the Richest Country in the World? (Hint: It’s Not America)
The Motley Fool - 6/24/2015 3:32:37 PM
There are a number of ways to measure a country's wealth ... which leads with the largest foreign exchange reserves, or Russia, which holds the world's largest known natural resource reserves, are also deserving candidates for the richest in the world.
All Signs Point To Higher Gold Prices
istock Analyst - 7/1/2015 10:37:59 AM
While the Federal Reserve has come off its historic ... Two such companies instantly stand out. Eldorado Gold Corp. (NYSE: EGO) is the largest foreign gold miner operating in China, the world's largest gold-producing country. The company benefits as ...
World Bank cuts Turkey's 2016, 2017 growth forecasts over political outlook
MENAFN - 7/2/2015 8:42:16 AM
This, together with a drawdown of foreign exchange reserves by ... was balanced by the country's current uncertain political environment, according to the bank. "Turkeys current account deficit has narrowed since January, thanks to gold exports.
New report suggests including Yuan as global currency will aid world economy
Examiner - 6/30/2015 11:14:58 AM
For more than 40 years the world has run on a singular monetary system where ... And while the most optimal solution would be to go back to a gold or silver based reserve system, having an additional currency like the Yuan to go with the dollar could ...
Future Of The Dollar As World Reserve Currency
Forbes - 10/25/2013 4:26:47 PM
Countries all over the world hold financial reserves, in bonds or money market instruments denominated in some other currency. They also hold gold ... for foreign currencies. Most countries are now pretty heavily invested in their foreign exchange reserves.
World Bank Cuts Turkey Growth Outlook
Wall Street Journal - 7/1/2015 9:55:02 AM
ISTANBUL—The World Bank on Wednesday lowered its 2016 and 2017 growth outlook for Turkey as political uncertainty continues after the parliamentary election and kept it growth forecast for the country for this year at 3%. The growth forecast for Turkey ...
Why Hedge Funds Are More Active In Gold
Seeking Alpha - 6/30/2015 4:51:24 PM
And it might be that people can turn to gold again in a currency crisis. These are Dalio's views expressed in an interview with the Council on Foreign ... reserves are geographically diversified. This makes gold much less vulnerable to a regional or ...
A cautionary tale of what happens when a country like Greece closes its banks
THE CONVERSATION - 6/29/2015 3:26:41 PM
No one knows what the impact will be on Greece and the rest of the world ... What do countries gain by currency controls? I visited Greece in the mid-1980s, a time when the country had very strict currency controls. It was illegal to exchange foreign ...
Now We Know Why Russia Has Been Building Up Its Gold Reserves
The Business Insider - 11/5/2014 12:42:46 PM
Since September 2012 Russia has been quietly building up its gold reserves ... to amassing the sixth-largest gold reserve pile in the world. This was part of a sensible strategy to diversify the country's foreign exchange reserves (currently $439 billion ...
Myth of currency manipulation
Japan Times - 6/30/2015 11:10:48 PM
A country can also influence the short-term exchange rate by intervening directly in the foreign ... following World War I, countries that adopted an independent monetary policy recovered faster than those that remained locked into the gold standard.
Tower of Basel! Close It Down Now!
Howe Street - 7/2/2015 2:01:24 AM
Central Bankers meet every other month, Sunday evening at 7 p.m., to share private information on banking, money, trading, QE policies, strategies, gold, swaps, option strategies, reserve currencies ... of the gold and foreign exchange desk is Benoit ...
Iran nuke talks extended by week
NWA Online - 7/1/2015 8:43:27 AM
VIENNA -- World powers and Iran on Tuesday extended negotiations ... which are aimed at curbing the country's nuclear program for a decade in exchange for tens of billions of dollars in relief from international economic sanctions. The State Department ...