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Monetary Gold |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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