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Official reserves

   Also found in: Wikipedia 0.01 sec.
Official reserves
Holdings of gold and foreign currencies by official monetary institutions.


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Of that amount, less than $1 trillion is held in official reserves, the rest under mattresses, in jewelry and family heirlooms, and in various ETFs – GLD being the biggest, by far, holding about $34 billion worth of gold.
SDR is an International Monetary Fund (IMF) international reserve asset created to supplement member countries' official reserves.
Official reserves are currently about four times as high as annual government foreign currency debt service and, combined with the liquid foreign assets of the commercial banks, cover more than 70 per cent of short-term external debt.
 
 
 
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