Analysis Of The Current Trends Of Gold And Foreign Exchange Reserves Of The G20 Countries

During periods of instability, the availability of reserves in the national economy of a country, necessary to overcome crises and repay their negative effects, is of great importance. The economic policy of the G20 countries on the formation of international reserves will give us a general idea of the main trends in this direction. The change in the structure of gold and FX reserves among the group of G20 countries in 2007-2019 is analyzed, the average annual absolute level of gold reserves and their growth have been determined, the amplitude of fluctuations, average deviation and coefficient of variation of gold reserves of the G20 countries have been determined, based on the calculation of the pairwise linear correlation of the gold and foreign exchange dynamics between the G20 countries, the similarities and differences in the implementation of the state policy on international reserves management were determined.