What is gold reserve of a country?

Updated: 12/18/2022
User Avatar

Wiki User

13y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is gold reserve of a country?
Write your answer...
Still have questions?
magnify glass
Related questions

When was Bacardi gold reserve rum discontinued?

Bacardi Gold Reserve was discontinued in 1997/98

Which country has the largest gold reserviour in the world?

south africa ,if you will take the country's legal documents then this may be correct ,but if every single person having some reserve of gold in india may contribute much of what they have in africa . :)

How much gold is at the federal reserve?

The US Federal Reserve has about 8000 Tonnes of Gold or about 282192000 ounces. At todays prices that is in the neigborhood of 270 billion dollars. {| |}

What is gold held by the central bank called?

gold reserve

Is the gold reserve act relief recovery or reform?

Because gold is cool

What is the value of a 1928 US 20 dollar Federal Reserve Note redeemable in gold?

All 1928 $20 Federal Reserve Notes carried the phrase "Redeemable in Gold", although they weren't gold certificates. There were also gold certificates with that denomination but they have gold seals and lack the words Federal Reserve Note. Please see the question "What is the value of a 1928 US 20 dollar Federal Reserve Note?" for more information.

What banks acts as a bank for other banks?

It varies from country to country. Every country has a central bank that is the bank for other banks in the country. Ex: Federal reserve system - USA Reserve Bank - India etc

What is the gold reserve act?

the reserving of gold during the presidentary of FDR. the reserving of gold during the presidentary of FDR.

Minimum amount of gold should be in reserve account of the currency making reserve bank?

What are types of currencies reserves?

What two locations in the US hold the largest collections of gold bullion?

The Federal Reserve Bank of NY holds the largest store of the world's gold bullion behind a rotating circular vault door six stories below the bank. This service provided to the world is deemed the safest place for the gold and provides the ease of exchanging the gold from country to country. The vault is buried in granite.

Where is the world largest gold depository?

Federal Reserve New York

What percentage of the worlds gold is held by the federal reserve bank?