|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
Russia Buys Most Gold for Reserves Since Financial Crisis of ’98
Bloomberg - 10/29/2014 1:12:32 PM
The country expanded its stockpile, the world’s fifth-biggest ... “In most countries, the ratio of gold holdings compared to foreign-exchange reserves is still relatively low, so there’s still room to buy more gold,” Daniel Briesemann, an analyst ...
Paul Krugman: The Dollar's Reserve-Currency Role Is A 'Much Over-Rated Phenomenon'
Forbes - 10/27/2014 1:00:36 PM
But Professor Krugman illogically conflates balance of payments deficits in non-reserve countries with those necessarily ... who advocated replacing gold with official foreign exchange reserves in his 1913 book, Indian Currency and Finance, where he ...
The Top 10 Gold Producing Countries in the World
INSIDER MONKEY - 10/30/2014 10:41:02 AM
Would you like to know which are the top gold producing countries in the world? The lucrative mining industry has blessed several nations with great wealth, especially those who possess large reserves of ... extract the ore in exchange for hefty profits.
Awaiting the gold rush
The Economist online - 10/30/2014 3:05:53 PM
Officials in Tehran have started receiving foreign business ... making Iran the world’s 18th-largest economy. The population of 80m is well-educated; the country’s oil and gas reserves are huge. The Tehran stock exchange is the second-biggest in ...
Russia buys most gold for reserves since ’98
Mineweb - 10/29/2014 12:08:07 PM
The country expanded its stockpile, the world’s fifth- biggest ... “In most countries, the ratio of gold holdings compared to foreign-exchange reserves is still relatively low, so there’s still room to buy more gold,” Daniel Briesemann, an analyst ...
Gold prices in the post-QE world
GoldSeek - 10/31/2014 2:28:55 PM
During the boom years for China's spectacular growth in the 1990s and 2000s, the country accumulated huge amounts of foreign exchange reserves ... And until gold reaches a price level which satisfies the world’s value investors, it will probably be ...
Would CHF, EUR Exchange Rates be Affected by a ‘Yes’ Vote in the Swiss Gold Referendum?
FCF - 10/31/2014 2:50:23 PM
The volatility and fragility of exchange ... gold over the next five years. Such a huge amount of gold locked away as reserves will see the global supply fall, and therefore the price of bullion would rise substantially. To put it in perspective, the whole ...
Fiat Money Has No Place To Go But Gold
ETF Daily News - 10/30/2014 1:47:09 PM
If China were to convert a relatively modest part of its $4 trillion foreign exchange reserves into gold, the country’s currency could take ... displace the United States from its position as the world’s largest holder of monetary gold.
Understanding Gold Prices
Value Walk - 10/31/2014 10:25:32 AM
To get straight to the point, investment demand for gold stems from its role as a reserve asset and this will be the overarching principle that drives investment demand throughout. A reserve currency is held as part of a country’s foreign exchange ...
China currency claims a bigger share of reserve manager portfolios
Reuters - 10/29/2014 6:03:03 AM
Earlier this month, the United Kingdom raised 3 billion yuan via a landmark offshore sovereign yuan bond and kept the yuan proceeds into its foreign exchange reserves rather than converting them into dollars or euros. Halfway across the world, Australia ...
Russia Gold, Forex Reserves Down $4.7 Billion in Week to Oct 24 to $439.1 Billion
NASDAQ - 10/30/2014 8:39:20 AM
MOSCOW--Russian gold ... foreign-exchange reserves in the past week fell to their lowest level since early March 2010, as the Bank of Russia had to spend its reserves to support the ruble, central bank data showed Thursday. Russia's reserves, still the ...
RBS reserves £400m for currency probe
Oman Observer 43 - 10/31/2014 2:36:04 PM
LONDON — Britain’s Royal Bank of Scotland has set aside £400 million for risks from probes into alleged rigging of the foreign exchange ... market around the world. “Various governmental and regulatory authorities in different countries have been ...
Why investors should monitor the central banks’ gold reserves
Market Realist - 10/30/2014 4:10:19 PM
... Bank should increase its gold reserves to 20%—from the current 7.8% according to World Gold Council’s latest report Central banks should stop selling its precious metals All its gold should be held within the country According to the initial poll ...
Enough of this exchange rate machismo
The Hindu Business Line - 10/30/2014 3:34:31 PM
Countries that follow imprudent and inconsistent macroeconomic ... equivalent to 55 per cent of the forex reserves. The ratio of foreign exchange reserves to total external debt, which was over 100 per cent during the period 2004-2010, is now down to ...
A Mad Referendum In Switzerland Could Permanently Warp The World's Gold Market
The Business Insider - 10/30/2014 1:39:59 PM
A bizarre proposal from a Swiss political party would have the country's central bank holding one fifth ... a rule to maintain a 20% ratio of the Swiss foreign reserves in Gold is quite atypically Swiss. In times of crisis, it would vastly increase ...