Monetary gold

Monetary gold

Gold held by governmental authorities as a financial asset.

Monetary Gold

Gold owned by a government, usually as part of its currency reserves. While no country now uses a gold standard, many states hold monetary gold as a (small) part of the many things that determine a currency's value, the bulk of which is the reserve of foreign currencies. As such, monetary gold has a small role in determining nations' monetary policies. Monetary gold is not traded, except between central banks and occasionally with international organizations such as the International Monetary Fund. See also: Foreign Exchange, Reserve asset.
References in periodicals archive ?
The volume of monetary gold in the gold and currency reserves of the country decreased from $14,034 billion as of January 1, 2018 to $13,988 billion as of February 2018.
Since the introduction of fiat money (and, in many cases, the outright prohibition of private ownership of monetary gold and silver) in the early 20th century, constant inflation and financial instability have been the result.
Financial instruments include currency, deposits, debt securities, loans and borrowings, equity, investment funds (such as mutual funds), insurance, pension and provident funds, monetary gold, other accounts (including trade debt) and other liabilities/assets not elsewhere classified (NEC).
In April, the value of monetary gold was 256 million euro.
The net difference of assets and liabilities, which includes currency and deposits, monetary gold and special drawing rights, debt securities, loans, shares, and other financial instruments, improved relative to September and December 2014, when it stood at e1/423.
a) Monetary Gold, Coin and Bullion###245,230###241,434###249,807###232,316###230,723###241,900###268,102
In the eighth month of the year, compared to July, an increase was registered only in the amount of monetary gold, while foreign currencies and securities noted a drop.
World Gold Council) had ballooned in the 1970s along with the price of gold, but the Voleker disinflation brought the gold price back down to earth, undermining much of the rationale for ongoing monetary gold accumulation.
If the Member State concerned is not party to the proceedings, while the vital issue to be settled concerns a pronouncement of the tribunal on the responsibility of that state, this could raise the application of the Monetary Gold principle set out by the International Court of Justice.
Since the beginning of 2012, the amount of monetary gold in Ukraine's international reserves had increased by 25.
That is, there would be transactions, previously impossible (7) to undertake because the cost of using valuable gold to mediate such was excessive, which would now be made possible (8) because the new monetary gold reduced the value of money at the margin.
8) Thus, in March 1933, FDR ended specie redemption of banknotes forever and began the confiscation of citizens' monetary gold.