Foreign exchange reserves excluding gold reached 4.34 USD bil in 2017 in Latvia, according to the National Statistical Office. This is 32.7 % more than in the previous year.
Historically, foreign exchange reserves excluding gold in Latvia reached an all time high of 7.60 USD bil in 2013 and an all time low of 0.432 USD bil in 1993. When compared to Latvia's main peers, foreign exchange reserves excluding gold in Belarus amounted to 5.38 USD bil, 0.335 USD bil in Estonia, 4.21 USD bil in Lithuania and 356 USD bil in Russia in 2017.
Latvia has been ranked 86th within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 12 places behind 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.