Foreign exchange reserves excluding gold reached 1.60 USD bil in 2017 in Madagascar, according to the National Statistical Office. This is 35.2 % more than in the previous year.
Historically, foreign exchange reserves excluding gold in Madagascar reached an all time high of 1.60 USD bil in 2017 and an all time low of 0.005 USD bil in 1979. When compared to Madagascar's main peers, foreign exchange reserves excluding gold in Mozambique amounted to 3.18 USD bil, 45.5 USD bil in South Africa, 0.563 USD bil in Swaziland and 5.89 USD bil in Tanzania in 2017.
Madagascar has been ranked 114th 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.