the gold reserved by a central bank to support domestic credit expansion, to cover balance of payments deficits, and to protect currency
gold reserve in American English
US
the gold held by the government of a country, specif., when used, as formerly in the U.S., to secure its currency, support credit expansion, make payments to foreign governments, etc.
Examples of 'gold reserve' in a sentence
gold reserve
Many other central banks, with gold reserves going back centuries, could also face similar problems.