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 ?
"Naniniwala ako na itong mga taxation na ito ay parte ng what I call floating economy, but the true economy of our country is on the gold reserve because it is where we print money.
14 January 2016 - US-based gold miner Gold Reserve Inc.'s (TSX.V:GRZ) (OTCQB:GDRZF) Montana, US-based gold mining subsidiary Gold Reserve Corp.
Khartoum, 11 Oct (SUNA)- The Speaker of the National Assembly, Ibrahim Ahmed Omar, has reaffirmed that the Russian company has presented credible statistics and information about its profile and about the prospects of gold reserve in the Sudan, as per the agreement it signed with the government of the Sudan.
Release date- 18102012 - Vancouver, Canada - Further to the Company's news release of September 20, 2012 announcing the settlement of all legal proceedings involving Gold Reserve Inc., the Company announced today that an order has been obtained from the Ontario Superior Court of Justice dismissing the legal action brought by Gold Reserve against Rusoro and the counterclaim brought by Rusoro against Gold Reserve.
The auditor's report confirmed that as of December 31,2011, Germany had 3,396 tonnes of gold valued at some 133 billion [pounds sterling] ($173 billion) This is the second-largest national gold reserve after the United States.
The central bank might indeed see use in a further gold reserve hike as it seeks to curb lending and cool Turkey's economy, which it has done by raising the levels of cash and gold reserves which banks must hold at the central bank rather than lending out.
Waitrose has the delicious sweet white Morrisons has the spicy red Andrew Peace Gold Reserve Shiraz on sale at pounds 4.49 down from pounds 8.99 and rich, full-throttle white Andrew Peace Gold Reserve Chardonnay on sale at pounds 4.49 down from pounds 8.99.
The main objective of this is to restock the country's gold reserve.
Gold Reserve said Venezuela had seized control of its Brisas gold property, deepening a dispute with Hugo Chavez's government and pulling the company's shares down 13%, reports Reuters (Oct.
But the bonds sold briskly and the country's gold reserve soon stood at 107 million.
Gold Reserve Inc (TSX: GRZ) (AMEX:GRZ), a US-based company that explores for mineral resources, has announced that the Venezuelan Ministry of Mines (MIBAM) has denied extension of the El Pauji concession.