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Taiwan ranks 12th in global gold reserves
Taiwan ranked 12th among central banks in holding global gold reserves in the first quarter of this year.
Data from the World Gold Council indicates Taiwan had just over 423 tonnes of gold reserves, equivalent to approximately US$28 billion at current market value.
The US is said to have the most gold reserves in the world, with nearly as much as the combined total of the next three countries on the list, with 8,133 tonnes worth of reserves, or approximately US$579 billion dollars.
That was followed by Germany with 3,352 tonnes, Italy with 2,451 tonnes, and France with 2,436 tonnes of gold reserves.
Gold reserves are seen to be critical for the economic stability of a country, because they are perceived as a reliable store of value, particularly in times of financial uncertainty.
