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 ?
This increase of EUR10.6 billion was driven mainly by positive price changes of monetary gold, and to a lesser extent by net acquisitions of assets and positive exchange rate changes.
International reserves are foreign assets of the BSP held mostly as investments in foreign-issued securities, monetary gold and foreign exchange.
According to the Central Bank, the gold and foreign exchange reserves of Uzbekistan decreased by $ 511 million to $ 25.98 billion in November 2018, of which $ 14.96 billion accounted for monetary gold.
a) Monetary Gold, Coin and Bullion###310,357###306,447###334,384###351,721###369,719
Historically, gold suppliers have effectively matched the quantity of monetary gold they supplied to the quantity demanded by the public.
Marko argues that the Monetary Gold principle will come into play, and the Court will avoid making a pronouncement which affect the rights of Israel.
reserves Trade credit and 51.1 2.6 advances Reserve assets 461.3 -20.4 Monetary gold 346.2 -19.2 Special drawing 53.0 -1.7 rights Reserve position 17.9 2.5 in the International Monetary Fund Other reserve assets 44.3 -2.1 U.S.
Edwards argues that the United States defaulted on federal debt during the 1930s when it withdrew monetary gold from circulation and abrogated the gold clause in both public and private contracts.
The meeting comprehensively summarized the achievements made in monetary gold and silver work in recent years, analyzed in depth the current situation and challenges, and made arrangements for key tasks in 2018.
Treasury, which entered the Bretton Woods period holding three-fourths of the global monetary gold stock, pegging the price of the dollar at $35 per ounce of gold by freely buying and selling gold to foreign official bodies at that price.
Treasury (holding roughly two-thirds of the world's monetary gold at the time) and the U.S.
By the end of the 1940s the Untied States held some 75 percent of the world's monetary gold stock.