Foreign exchange reserves excluding gold reached 1.68 USD bil in 2017 in Papua New Guinea, according to the National Statistical Office. This is 4.51 % more than in the previous year.
Historically, foreign exchange reserves excluding gold in Papua New Guinea reached an all time high of 4.26 USD bil in 2011 and an all time low of 0.031 USD bil in 1973. When compared to Papua New Guinea's main peers, foreign exchange reserves excluding gold in Australia amounted to 63.6 USD bil, 127 USD bil in Indonesia, 20.7 USD bil in New Zealand and 73.2 USD bil in Philippines in 2017.
Papua New Guinea has been ranked 112th within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 9 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.