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*Strengthening of values of national currencies
*Counteracting rising inflation
*Gold is the most trusted treasure capable of surviving numerous economic turbulences (e.g. Libya has 117 tons of gold in reserve)
2022 - Top 10 countries with the largest GOLD reserves
1. USA: 8,133 tons
2. GERMANY: 3,359
3. ITALY: 2,452
4. FRANCE: 2,436
5. RUSSIA: 2,299
6. CHINA: 1,948
7. SWITZERLAND: 1,040
8. JAPAN: 846
9. INDIA: 754
10. NETHERLANDS: 612
NB: See below breaking news from India - it added 12.5 tons of gold in July 2022
2022 - Top 10 AFRICAN countries with GOLD reserves
1. ALGERIA: 174 tons
2. SOUTH AFRICA: 125
3. LIBYA: 117
4. EGYPT: 80.73
5. MOROCCO: 22.12
6. NIGERIA: 21.37
7. MAURITIUS: 12.44
8. GH…
[12:07 PM, 8/6/2022] Mhe Muhongo: IMPORTANCE OF GOLD RESERVES IN NATIONAL CENTRAL BANKS
*Strengthening of values of national currencies
*Counteracting rising inflation
*Gold is the most trusted treasure capable of surviving numerous economic turbulences (e.g. Libya has 117 tons of gold in reserve)
2022 - Top 10 countries with the largest GOLD reserves
1. USA: 8,133 tons
2. GERMANY: 3,359
3. ITALY: 2,452
4. FRANCE: 2,436
5. RUSSIA: 2,299
6. CHINA: 1,948
7. SWITZERLAND: 1,040
8. JAPAN: 846
9. INDIA: 754
10. NETHERLANDS: 612
NB: See below breaking news from India - it added 12.5 tons of gold in July 2022
2022 - Top 10 AFRICAN countries with GOLD reserves
1. ALGERIA: 174 tons
2. SOUTH AFRICA: 125
3. LIBYA: 117
4. EGYPT: 80.73
5. MOROCCO: 22.12
6. NIGERIA: 21.37
7. MAURITIUS: 12.44
8. GHANA: 8.74
9. TUNISIA: 6.84
10. MOZAMBIQUE: 3.94
*Burundi: 0.03 tons
*Kenya: 0.02 tons
From:
Sospeter Muhongo
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