Gold, how do we compare to our neighbors? We have 14 times less than Serbia. Albania among the last countries in Europe
Official data from the Bank of Albania, included in the annual report for 2023, show that the country's total foreign exchange reserves at the end of 2023 are 5.8 billion euros. This foreign exchange reserve also includes monetary gold. However, by the end of last year, the Bank of Albania had 3.38 tons of gold in its treasury. But how large is this reserve compared to other countries? Meanwhile, based on data from the World Gold Board, in December 2024, Albania had 3.42 tons of gold.
Figures analyzed by "Scan Intel" show that Albania is among the last countries in Europe in terms of foreign exchange reserves in gold. According to the figures, Slovenia, Luxembourg, Iceland, Bosnia and Herzegovina, Estonia and Malta are estimated to have smaller foreign exchange reserves in gold than Albania. For Serbia, meanwhile, the gold reserve is set at around 48 tons, for North Macedonia at 6.9 tons, while for Bosnia and Herzegovina at around 1.5 tons.
Meanwhile, compared to the population according to the 2023 Census, 3.38 tons of foreign exchange reserves translate into about 1.4 grams per capita. But what is this ratio in the Western Balkan countries?
In Serbia, this ratio results in almost 7 grams per capita. The gold ratio per capita in North Macedonia results in 3.7 grams, while in Bosnia and Herzegovina the value is much lower, at only 0.47 grams per capita.
The United States of America holds the first place globally, with its foreign exchange reserves in gold standing at around 8,133 tons. Germany, meanwhile, is first in Europe and second in the world, with 3,352 tons of gold in the Central Bank's vault. Then come Italy, France, Russia and Switzerland, which close the top 5 places on the list.
Poll
"Property values will double" - Rama: Invest today, because after entering the EU it will return to you in kindness
With membership in the European Union, property prices are expected to double. In a meeting with young entrepreneurs in Saranda, Prime Minister Edi Rama said......
Meta brings AI assistant to Europe - New Chatbot to enter market, despite EU regulatory challenges
Meta will introduce the new artificial intelligence assistant in Europe, with six languages available to users. The technological innovation finally enters......
"Summer season 2025, priority for public beaches" - Rama: New plan, municipal system of beach administration
Prime Minister Edi Rama, as well as the Minister of Tourism and Environment, Mirela Kumbaro, held a meeting with the mayors of coastal cities and tourism......
Water utilities improved energy efficiency - High costs for water supply, the indicator decreased to 0.58 kWh/m³
Water utilities have slightly improved their energy efficiency indicators, reducing water supply costs. According to official data from the Water Regulatory......
Rural roads, new perspectives for the development of our villages - Prime Minister Edi Rama inspects the works on the Bunavi - Cherkovë road
Prime Minister Rama, together with the Minister of Defense Pirro Vengu, inspected the Bunavi-Kerkovë road in the Vlorë region, which has entered the second......
Canada's new prime minister calls for snap election in April!
Canada's new Prime Minister Mark Carney and his conservative opponent launched their election campaigns on Sunday against the backdrop of a trade war and......
England, a center for asylum seekers in Albania? - Serbia and Bosnia and Herzegovina, also part of the plan. Payment for host countries
The British government is considering sending all those people whose asylum applications in the United Kingdom have been rejected to special centers to be......
The week starts negatively for major currencies – The Franc and the Dollar weaken
The US dollar has started the week on a downward trend, losing points from the week before, as it was bought this morning at 90.8 lek and sold at 92 lek......
