DrBanneker
Space is the Place
Pulled data on central bank reserves including gold on the Black countries from the World Bank. Interesting since this is a proxy on the current account surplus, how well you manage your foreign exchange, and if you can defend your currency. From those who reported, it ranges from $60M in Sao Tome to $49B in South Africa.
Few notes: oil and some resource nations are on top since they usually have a positive trade surplus and foreign exchange to store. South Africa (lots of stuff but also positive trade balance with neighbors), Nigeria/Angola/T&T (oil), Botswana (diamonds), Kenya (coffee, tea, ag exports), etc. Some are higher than I thought like Haiti at $2B.
Granted any CFA Franc nations have to park their reserves at the Bank of France and effectively can't use them.
Granted, all together they have $210B which is only about 1.5% of the total global central bank reserves of $12 trillion. Once again, I guess we have a ways to go
Central Bank Reserves (2014) in Billions US$
Country Name Reserves
South Africa 49.12
Nigeria 37.50
Angola 28.13
Trinidad and Tobago 11.97
Botswana 8.32
Kenya 7.91
Congo, Rep. 4.93
Dominican Republic 4.86
Ghana 4.79
Cote d'Ivoire 4.48
Tanzania 4.39
Uganda 3.32
Mozambique 3.22
Cameroon 3.17
Zambia 3.08
Equatorial Guinea 2.91
Gabon 2.48
Jamaica 2.47
Senegal 2.04
Haiti 2.03
Curacao 1.92
Congo, Dem. Rep. 1.56
Niger 1.28
Namibia 1.18
Chad 1.08
Lesotho 1.07
Rwanda 1.07
Bahamas, The 0.87
Mali 0.86
Madagascar 0.77
Benin 0.73
Swaziland 0.69
Aruba 0.68
Guyana 0.67
Barbados 0.63
Suriname 0.63
Malawi 0.62
Sierra Leone 0.60
Cabo Verde 0.51
Togo 0.51
Liberia 0.50
Belize 0.49
Seychelles 0.47
South Sudan 0.42
Djibouti 0.39
Zimbabwe 0.36
St. Kitts and Nevis 0.33
Burundi 0.32
Guinea 0.30
Burkina Faso 0.30
Antigua and Barbuda 0.30
Guinea-Bissau 0.29
Central African Republic 0.26
St. Lucia 0.26
Sudan 0.18
Comoros 0.17
Grenada 0.17
Gambia, The 0.16
St. Vincent and the Grenadines 0.16
Dominica 0.10
Sao Tome and Principe 0.06
Few notes: oil and some resource nations are on top since they usually have a positive trade surplus and foreign exchange to store. South Africa (lots of stuff but also positive trade balance with neighbors), Nigeria/Angola/T&T (oil), Botswana (diamonds), Kenya (coffee, tea, ag exports), etc. Some are higher than I thought like Haiti at $2B.
Granted any CFA Franc nations have to park their reserves at the Bank of France and effectively can't use them.
Granted, all together they have $210B which is only about 1.5% of the total global central bank reserves of $12 trillion. Once again, I guess we have a ways to go
Central Bank Reserves (2014) in Billions US$
Country Name Reserves
South Africa 49.12
Nigeria 37.50
Angola 28.13
Trinidad and Tobago 11.97
Botswana 8.32
Kenya 7.91
Congo, Rep. 4.93
Dominican Republic 4.86
Ghana 4.79
Cote d'Ivoire 4.48
Tanzania 4.39
Uganda 3.32
Mozambique 3.22
Cameroon 3.17
Zambia 3.08
Equatorial Guinea 2.91
Gabon 2.48
Jamaica 2.47
Senegal 2.04
Haiti 2.03
Curacao 1.92
Congo, Dem. Rep. 1.56
Niger 1.28
Namibia 1.18
Chad 1.08
Lesotho 1.07
Rwanda 1.07
Bahamas, The 0.87
Mali 0.86
Madagascar 0.77
Benin 0.73
Swaziland 0.69
Aruba 0.68
Guyana 0.67
Barbados 0.63
Suriname 0.63
Malawi 0.62
Sierra Leone 0.60
Cabo Verde 0.51
Togo 0.51
Liberia 0.50
Belize 0.49
Seychelles 0.47
South Sudan 0.42
Djibouti 0.39
Zimbabwe 0.36
St. Kitts and Nevis 0.33
Burundi 0.32
Guinea 0.30
Burkina Faso 0.30
Antigua and Barbuda 0.30
Guinea-Bissau 0.29
Central African Republic 0.26
St. Lucia 0.26
Sudan 0.18
Comoros 0.17
Grenada 0.17
Gambia, The 0.16
St. Vincent and the Grenadines 0.16
Dominica 0.10
Sao Tome and Principe 0.06
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