Gold as a part of foreign exchange reserves reached 94.9 USD bil in 2013 in Italy, according to the National Statistical Office. This is 27.6 % less than in the previous year.
Historically, gold as a part of foreign exchange reserves in Italy reached an all time high of 131 USD bil in 2012 and an all time low of 2.11 USD bil in 1964. When compared to Italy's main peers, gold as a part of foreign exchange reserves in Austria amounted to 10.8 USD bil, 94.3 USD bil in France, 0.123 USD bil in Slovenia and 40.3 USD bil in Switzerland in 2013.
Italy has been ranked 3rd within the group of 110 countries we follow in terms of gold as a part of foreign exchange reserves, 2 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.