Foreign exchange reserves excluding gold reached 2.70 USD bil in 2017 in Panama, according to the National Statistical Office. This is 29.7 % less than in the previous year.
Historically, foreign exchange reserves excluding gold in Panama reached an all time high of 4.03 USD bil in 2014 and an all time low of 0.005 USD bil in 1962. When compared to Panama's main peers, foreign exchange reserves excluding gold in Colombia amounted to 46.7 USD bil, 7.15 USD bil in Costa Rica, 4.68 USD bil in Honduras and 2.76 USD bil in Nicaragua in 2017.
Panama has been ranked 103rd within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 3 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.