volume 61, issue 8, P48-56 2017
DOI: 10.20542/0131-2227-2017-61-8-48-56
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Abstract: Total international reserves, including gold, grew by 5.2 percent in 2014 and stood at SDR 9.05 trillion at the end of 2014 (Table I.1). 1 Reserves excluding gold grew by 5.0 percent to SDR 8.27 trillion in 2014. The market value of gold held by monetary authorities 2 rose by 7.4 percent, to SDR 775 billion, reflecting an increase in the price of gold. Foreign exchange reserves, the largest component of total international reserves, increased to SDR 8.00 trillion in 2014, with a growth rate of 5.5 percent, dow…

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