Gold as a part of foreign exchange reserves reached 14.8 USD bil in 2013 in Portugal, 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 Portugal reached an all time high of 20.5 USD bil in 2012 and an all time low of 0.444 USD bil in 1961. When compared to Portugal's main peers, gold as a part of foreign exchange reserves in France amounted to 94.3 USD bil, 0.232 USD bil in Ireland, 0.854 USD bil in Morocco and 10.9 USD bil in Spain in 2013.
Portugal has been ranked 12th within the group of 110 countries we follow in terms of gold as a part of foreign exchange reserves, 1 places behind 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.