INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

How much gold and forex do Arab countries have?

Foreign exchange and gold reserves come in handy in many ways when a country is trying to ride out an economic crisis.
  • Foreign exchange reserve usually refers to how much foreign currency a country or its apex financial institution holds in reserve
  • Gold reserve is a similar tranche, except that it pertains to the yellow metal that has been purified to a standardized degree

The number of factors that can affect a country’s economy is already quite large, and increasing with each passing year.

With such vagaries at play, countries often turn to building foreign-exchange and gold reserves to help them ride out tumultuous periods.

Foreign exchange reserve usually refers to the amount of foreign currency — usually measured in US dollars — a country or its apex financial institution, which is often its central bank, holds in reserve.

Gold reserve is a similar tranche, except that it pertains to the yellow metal that has been purified to a standardized degree.

These come in handy when a country has to, for example, pay for imports when its own currency is devalued.

It also comes in handy in times of economic crises, because the dollar is considered a benchmark currency of sorts, and gold seems like a safe bet.

Here’s a look at which Arab country holds how much in forex and gold reserves: