Romania, among the countries with highest gold reserves per inhabitant

Romania is one of the countries with the highest gold reserves per inhabitant, and the local currency is 60 to 70 percent offset by gold, said the Romanian Central Bank BNR Governor Mugur Isarescu.

The country’s gold reserve stood at 103.7 tonnes at the end of March, valued at some EUR 4.1 billion. Gold was some 11 percent of BNR’s total international reserves at the end of March.

This brings the gold per inhabitant to 5.5 grams, based on the most recent census data which indicated 19 million Romanians. Romania ranks however 34th in the world based on its quantity of gold. First place goes to the US, with 8,000 tonnes of gold.

The biggest gold reserves belong to the US and Germany, and in their cases, gold represents 70 percent of the total reserves of these countries.

Adapted from Romania-Insider