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gold reserve

   Also found in: Encyclopedia, Wikipedia 0.01 sec.
gold reserve
n
(Economics, Accounting & Finance / Banking & Finance) the gold reserved by a central bank to support domestic credit expansion, to cover balance of payments deficits, and to protect currency


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China has adjusted its gold reserve holdings twice since 2000, raising the holdings from 394 tonnes to 500 tonnes in 2001, and to 600 tonnes in 2003, Hu Xiaolian, head of the administration, told Xinhua.
China has adjusted its gold reserve holdings twice since 2000, raising the holdings from 394 tonnes to 500 tonnes in 2001, and to 600 tonnes in 2003, Hu Xiaolian, head of the administration, told Xinhua.
On the San Gold Corporation Bullboard, Danno13 said: “China has just increased their Gold reserve.
 
 
 
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