Reportedly, Ukraine takes 52nd place in the world in terms of international reserves. Gold accounts for 1/20 of country's international reserves that is equivalent to about $1.002 billion.
The rest are foreign exchange reserves, and almost all of these funds have been invested in the securities of foreign issuers.
At present, China comes top in the volume of dollar-denominated international reserves ($3,072.7 billion), followed by Japan with $1,270.9 billion, and Switzerland is in third place with $796.6 billion. Also, Russia with $472.6 billion, South Korea with $403.7 billion and India with $396 billion are among the top 10 in official international reserves.
It is believed that the optimal scale of international reserves should exceed three months' imports. In Ukraine, this indicator amounts to three and a half months today. As a rule, the rainy day money is meant for hard times, when companies cannot raise global capital.
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