For that indicator, we provide data for Uruguay from 1960 to 2022. The average value for Uruguay during that period was 4.24 billion U.S. dollars with a minimum of 0.16 billion U.S. dollars in 1967 and a maximum of 17.55 billion U.S. dollars in 2014.
The latest value from 2022 is 15.13 billion U.S. dollars. For comparison, the world average in 2022 based on 145
countries is 96.00 billion U.S. dollars.
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The reserves of Uruguay 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.