Gold as a part of foreign exchange reserves reached 12.5 USD bil in 2013 in Saudi Arabia, 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 Saudi Arabia reached an all time high of 17.3 USD bil in 2012 and an all time low of 0.018 USD bil in 1960. When compared to Saudi Arabia's main peers, gold as a part of foreign exchange reserves in Iraq amounted to 1.64 USD bil, 0.602 USD bil in Jordan, 0 USD bil in United Arab Emirates and 0.060 USD bil in Yemen in 2013.
Saudi Arabia has been ranked 14th within the group of 110 countries we follow in terms of gold as a part of foreign exchange reserves, 10 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.