NAM states currency reservations more than US and Europe

(Ahlul Bayt News Agency) - Currency and gold reservations of countries are two of the most important economic supplies that show a countries’ economic power. Countries count on gold and currency supplies as the backbone of economy, NAM news agency reported.In an analysis of international statistics of gold and currency reservation, it is realized that Asian countries own most of the currency reservations of the world; with China as the top, owning $3236 billion reservation of gold and currency.NAM member states’ gold and currency supplies are worth more than $2850 billion, comprising more than 25 percent of world’s currency supply. Regardless of China’s $3236 billion currency supplies, the currency supply of NAM members comprise more than 35 percent of world’s reservations.Currency supply of US and Europe is worth about $2350 billion which is $500 billion less than that of NAM members.Based on this report, the currency reservations of European union and America is worth $1800 billion approximately, which is more than a thousand billion dollars less than NAM reservations./219