Sierra Leone: Reserves

(measure: billion U.S. dollars; Source: The World Bank)
* indicates monthly or quarterly data series

Sierra Leone: Foreign exchange reserves including gold, billion USD

: For that indicator, The World Bank provides data for Sierra Leone from 1966 to 2018. The average value for Sierra Leone during that period was 0.13 billion U.S. dollars with a minumum of 0 billion U.S. dollars in 1989 and a maximum of 0.6 billion U.S. dollars in 2014. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The reserves of Sierra Leone and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.

When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.

Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.
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