Pound Sterling - Reserve

Reserve

Sterling is used as a reserve currency around the world and is currently ranked third in value held as reserves.

Currency composition of official foreign exchange reserves
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Latest Data
'12 Quarter II
US dollar 59.0% 62.1% 65.2% 69.3% 71.0% 70.5% 70.7% 66.5% 65.8% 66.0% 66.4% 65.7% 64.1% 64.1% 62.1% 61.8% 62.2% 61.9%
Euro 17.9% 18.8% 19.8% 24.2% 25.3% 24.9% 24.3% 25.2% 26.3% 26.4% 27.6% 26.0% 25.0% 25.1%
German mark 15.8% 14.7% 14.5% 13.8%
French franc 2.4% 1.8% 1.4% 1.6%
Pound sterling 2.1% 2.7% 2.6% 2.7% 2.9% 2.8% 2.7% 2.9% 2.6% 3.2% 3.6% 4.2% 4.7% 4.0% 4.3% 3.9% 3.8% 3.8%
Japanese yen 6.8% 6.7% 5.8% 6.2% 6.4% 6.3% 5.2% 4.5% 4.1% 3.8% 3.7% 3.2% 2.9% 3.1% 2.9% 3.7% 3.5% 3.8%
Swiss franc 0.3% 0.2% 0.4% 0.3% 0.2% 0.3% 0.3% 0.4% 0.2% 0.2% 0.1% 0.2% 0.2% 0.1% 0.1% 0.1% 0.1% 0.1%
Other 13.6% 11.7% 10.2% 6.1% 1.6% 1.4% 1.2% 1.4% 1.9% 1.9% 1.9% 1.5% 1.8% 2.2% 3.1% 4.4% 5.4% 5.3%
Sources:

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Famous quotes containing the word reserve:

    “Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are cheques drawn on insufficient funds.”
    —René Daumal (1908–1944)

    “We must reserve a back shop all our own, entirely free, in which to establish our real liberty and our principal retreat and solitude.”
    —Michel de Montaigne (1533–1592)

    “Her face had the seamed reserve of the old in this country [Japan]. It was a neighborhood poignantly rich in old ladies.”
    —Angela Carter (1940–1992)