gold reserve

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gold reserve

n
(Banking & Finance) the gold reserved by a central bank to support domestic credit expansion, to cover balance of payments deficits, and to protect currency

gold′ reserve`


n.
the stock of gold held, esp. by a government to back its currency or settle its debts.
[1865–70, Amer.]
References in periodicals archive ?
The volume of gold reserves in Tajikistan over the past eight years increased six-fold.
Nineteen of the 20 companies made acquisitions during the period, buying more than 253 million oz of gold reserves for $61.
Global Banking News-October 6, 2016--Only three central banks increase gold reserves this year
Cyprus is resisting pressure from the European Commission (EC) and International Monetary Fund (IMF) to sell its gold reserves to finance its "bailout" reports Market OracleThe Cypriot Finance Minister said that a sale of its gold reserves was not the only option under consideration to pay down its debt and that other alternatives were being considered.
Summary: TEHRAN (FNA)- Iranian industrial officials announced that the country's gold reserves have considerably increased after last year's discovery of new gold mines.
The deposit is small, gold reserves are estimated at 5-30 tons, but this does not mean the mine should be despoiled.
Another 5 percent hike in the ceiling for gold reserves would equal roughly $2.
Bulgaria ranks 47th in a global ranking by gold reserves by August 2012.
revealing that Lebanon is in second place after Saudi Arabia in Gold reserves
M2 EQUITYBITES-February 10, 2011-Goldcorp Gold achieves 23% hike in gold reserves for 2010(C)2011 M2 COMMUNICATIONS http://www.
In a telephone conversation with Habib Maalej, Managing Director of the General Fund of Counters and National Payments,Ee which is the keeper of the gold reserves at the Central Bank of Tunisia, has categorically denied the release of any ounce of gold reserves of the central bank.
2 percent of the MENA region's total gold reserves.