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http://www.gold-eagle.com/editorials_08/katz102708.html

http://research.stlouisfed.org/fred2/series/BASE

http://www.gold-eagle.com/editorials_08/katz102708.html

http://research.stlouisfed.org/fred2/series/BASE

Joseph Wright The Alchemist 1771

Currency composition of official foreign exchange reserves '95 '96 '97      '95       '96       '97       '98       '99       '00       '01       '02       '03       '04       '05       '06       '07       US dollar 59.0% 62.1% 65.2% 69.3% 70.9% 70.5% 70.7% 66.5% 65.8% 65.9% 66.4% 65.7% 63.9% Euro 17.9% 18.8% 19.8% 24.2% 25.3% 24.9% 24.3% 25.2% 26.5% German mark 15.8% 14.7% 14.5% 13.8% Pound sterling 2.1% 2.7% 2.6% 2.9% 2.8% 3.3% 3.6% 4.2% 4.7% Japanese yen 6.8% 6.7% 5.8% 6.2% 6.4% 6.3% 5.2% 4.5% 4.1% 3.9% 3.7% 3.2% French franc 2.4% 1.8% 1.4% 1.6% Swiss franc 0.3% 0.2% 0.4% 0.1% Other 13.6% 11.7% 10.2% 6.1% 1.2% 1.9% 1.5% Sources: 1995-1999, 2006-2007 IMF: Currency Composition of Official Foreign Exchange ReservesPDF (80 KB) Sources: 1999-2005, ECB: The Accumulation of Foreign ReservesPDF (816 KB)           v • d • e       

WWW.PINES.IT

http://www.gold.org/government_affairs/reserve_asset_management/

Il Sole 24 Ore 23 feb. 2012 pag.23

http://www.gold.org/government_affairs/reserve_asset_management/

**The percentage share held in gold of total foreign reserves, as calculated by the World Gold Council. The value of gold holdings is calculated using the end of month London pm fix gold price published daily by the LBMA. In March , the end of month gold price was $1439.00 Data for the value of other reserves are taken from IFS, table ‘Total Reserves minus Gold’. http://www.gold.org/government_affairs/reserve_asset_management/

WORLD OFFICIAL GOLD HOLDINGS International Financial Statistics, March 2016* Tonnes % of reserves Ton. % R 1 United States 8.133,5 73,3% 22 Belgium 227,4 33,4% 2 Germany 3.381,0 67,4% 23 Kazakhstan 223,0 29,5% 3 IMF 2.814,0 1) 24 Philippines 195,9 8,6% 4 Italy 2.451,8 65,2% 25 Algeria 173,6 4,1% 5 France 2.435,6 60,7% 26 Thailand 152,4 3,4% 6 China 1.778,5 1,9% 27 Singapore 127,4 1,8% 7 Russia 1.435,9 13,8% 28 Sweden 125,7 7,7% 8 Switzerland 1.040,0 6,2% 29 South Africa 125,2 9,9% 9 Japan 765,2 2,2% 30 Mexico 121,4 2,5% 10 Netherlands 612,5 55,5% 31 Libya 116,6 5,3% 11 India 557,7 5,6% 32 Greece 112,7 65,4% 12 Turkey6) 516,7 16,6% 33 BIS2) 108,0 13 ECB 504,8 25,4% 34 Korea 104,4 1,0% 14 Taiwan 423,3 35 Romania 103,7 9,7% 15 Portugal 382,5 68,6% 36 Poland 102,9 3,9% 16 Venezuela 361,0 66,8% 37 Iraq 89,8 5,9% 17 Saudi Arabia 322,9 38 Australia 79,9 6,5% 18 United Kingdom 310,3 8,3% 39 Kuwait 79,0 9,0% 19 Lebanon 286,8 20,9% 40 Indonesia 78,1 2,7% 20 Spain 281,6 18,4% 41 Egypt 75,6 16,9% 21 Austria 280,0 44,0% 42 Brazil 67,2 0,7%

Tonnes % of reserves Tonnes % of reserves 43 Denmark 66,5 3,6% 44 Pakistan 64,5 12,0% 45 Argentina 61,7 7,3% 46 Finland 49,1 18,0% 47 Belarus4) 42,9 38,1% 48 Bolivia 42,5 11,9% 49 Jordan 41,4 9,0% 50 Bulgaria 40,2 6,7% 72 Paraguay 8,2 4,9% 73 U A E 7,5 0,3% 74 Myanmar 7,3 3,5% 75 Guatemala 6,9 3,2% 76 Macedonia 6,8 9,9% 77 Tunisia 3,3% 78 Latvia 6,6 6,6% 79 Ireland 6,0 9,8% 80 Lithuania 5,8 21,4% 81 Nepal 4,9 2,8% 82 Brunei Darussalam 4,8 5,2% 83 Bahrain 4,7 84 Kyrgyz Republic 4,2 9,0% 85 Colombia 3,5 0,3% 86 Mozambique 3,4 4,8% 87 Slovenia 3,2 12,7% 88 Aruba 3,1 13,5% 89 Hungary 90 Bosnia Herzegovina 3,0 2,2% 91 Mongolia 2,4 5,8% 92 Luxembourg 2,2 10,3% 93 Hong Kong 2,1 0,0% 94 Iceland 2,0 1,3% 95 Papua New Guinea 4,0% 96 Trinidad and Tobago 1,9 0,7% 97 Haiti 1,8 3,3% 98 Albania 1,6 1,8% 99 Yemen 1,1% 100 El Salvador 1,4 1,6% 51 Malaysia 38,6 1,4% 52 WAEMU3) 36,5 11,1% 53 Peru 34,7 2,0% 54 Slovakia 31,7 39,2% 55 Azerbaijan 30,2 16,0% 56 Ukraine 27,4 7,3% 57 Syria 25,8 5,2% 58 Sri Lanka 22,1 12,3% 59 Morocco 22,0 3,4% 60 Afghanistan 21,9 10,9% 61 Nigeria 21,4 2,4% 62 Serbia 18,1 5,7% 63 Cyprus 13,9 59,9% 64 Bangladesh 13,8 1,8% 65 Tajikistan 12,6 87,5% 66 Cambodia 12,4 6,1% 67 Qatar 1,2% 68 Ecuador 11,8 16,8% 69 Czech Republic 10,0 0,5% 70 Mauritius 8,9 7,4% 71 Ghana 8,7 6,9%

Other Tonnes % of reserves** World7) 32.813,0 1) Euro Area (incl. ECB) WORLD OFFICIAL GOLD HOLDINGS International Financial Statistics, March 2016* Tonn 32.150 oz. 1232,50 X 32.150 = 39.624.875 $ Other Tonnes % of reserves** World7) 32.813,0 1) Euro Area (incl. ECB) 10.788,7 53,7% CBGA 4 signatories 5) 11.954,5 30,9%

Central Bank Gold Agreements On 19th May 2014, the European Central Bank and 20 other European central banks announced the signing of the fourth Central Bank Gold agreement. This agreement, which applies as of 27 September 2014, will last for five years and the signatories have stated that they currently do not have any plans to sell significant amounts of gold.

Basingstoke, UK 2013

US$/€ Fonte ECB http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-usd.en.html