Gold as a part of foreign exchange reserves reached 14.2 USD bil in 2013 in Venezuela, according to the National Statistical Office. This is 27.2 % less than in the previous year.
Historically, gold as a part of foreign exchange reserves in Venezuela reached an all time high of 19.6 USD bil in 2012 and an all time low of 0.402 USD bil in 1962. When compared to Venezuela's main peers, gold as a part of foreign exchange reserves in Brazil amounted to 2.60 USD bil, 0.401 USD bil in Colombia, 0 USD bil in Guyana and 0.074 USD bil in Trinidad and Tobago in 2013.
Venezuela has been ranked 13th 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.