Official gold reserves of Venezuela appears to out-value all of its outstanding currency by 78%

At the time of writing this article, the official gold reserves of Venezuela appears to out-value all of its outstanding currency by 78%. Both Switzerland and Kuwait have gold reserves nearly equal to the value of the currency issued. Although not included in the analysis, Lebanon has official gold reserves of 286.8 metric tonnes valued at $8.89 billion at time of writing this article. The official statistic for Lebanese currency in circulation is only $2.4 billion. The most recent annual year-over-year growth rate for the Lebanese Pound is 8.3%.