Foreign exchange reserves excluding gold reached 6.48 USD bil in 2017 in Iceland, according to the National Statistical Office. This is 9.35 % less than in the previous year.
Historically, foreign exchange reserves excluding gold in Iceland reached an all time high of 8.45 USD bil in 2011 and an all time low of 0.011 USD bil in 1960. When compared to Iceland's main peers, foreign exchange reserves excluding gold in Denmark amounted to 72.5 USD bil, 65.9 USD bil in Norway, 57.0 USD bil in Sweden and 138 USD bil in United Kingdom in 2017.
Iceland has been ranked 78th within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 16 places above the position seen 10 years ago.
FX reserves in a strict sense are "only" the foreign currency deposits and bonds held by central banks and monetary authorities.