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15. Portugal

Value of reserves: $19.7 billion
Holdings total: 421.6 tons

The westernmost nation in mainland Europe is home to the 15th largest gold reserve in the world. At 421.6 tons, Portugal’s holdings are overseen by Banco de Portugal and are valued at roughly $19.7 billion, accounting for 89.2 percent of the country’s foreign reserves.

Source: World Gold Council, with conversions by CNBC | Photo: AP