Gold as a part of foreign exchange reserves reached 131 USD bil in 2013 in Germany, according to the National Statistical Office. This is 27.7 % less than in the previous year.
Historically, gold as a part of foreign exchange reserves in Germany reached an all time high of 181 USD bil in 2012 and an all time low of 3.02 USD bil in 1960. When compared to Germany's main peers, gold as a part of foreign exchange reserves in Austria amounted to 10.8 USD bil, 8.81 USD bil in Belgium, 94.3 USD bil in France and 3.99 USD bil in Poland in 2013.
Germany has been ranked 2nd within the group of 110 countries we follow in terms of gold as a part of foreign exchange reserves, 1 places above the position seen 10 years ago.
A gold reserve is the gold held by a central bank or nation intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders, or trading peers, or to secure a currency.