Foreign exchange reserves excluding gold reached 2.08 USD bil in 2017 in Zambia, according to the National Statistical Office. This is 11.5 % less than in the previous year.
Historically, foreign exchange reserves excluding gold in Zambia reached an all time high of 3.08 USD bil in 2014 and an all time low of 0.045 USD bil in 1999. When compared to Zambia's main peers, foreign exchange reserves excluding gold in Angola amounted to 17.5 USD bil, 5.89 USD bil in Tanzania, 0.292 USD bil in Zimbabwe and 0.695 USD bil in Dem. Republic of the Congo in 2017.
Zambia has been ranked 110th within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 12 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.