Gold as the main instrument of macroeconomic stability of the state

Abstract

The article analyzes the international reserves of countries, the concept of gold and foreign exchange reserves and their role in the economy of the state. The volume of the country's gold reserves accumulated in the world economy in the structure of reserves is increasing every year. The positive growth dynamics of gold is associated with their use as a tool to ensure macroeconomic and political stability. International reserves are a determinant of the stability of the national currency, the maintenance of the state creditworthiness and stability. And the accumulation of reserve assets (international reserves) is the most important function of central (state, national) banks, aimed at uninterrupted provision of payments between countries.