France Forex Reserves Fall in March

France’s official reserve assets fell to €386.90 billion at the end of April 2026 from €390.63 billion in March, marking the smallest amount since December 2025. The €3.73 billion decline was due to decreases in all components, namely gold reserves (€310.09 billion vs €312.91 billion in March), foreign currency reserves (€31.65 billion vs €32.30 billion), claims on the IMF (€38.68 billion vs €38.86 billion), and other reserve assets (€6.47 billion vs €6.57 billion). In April 2025, total reserve assets stood at €303.06 billion.

France’s official reserve assets fell to €390.63 billion at the end of March 2026 from a record €421.57 billion in February. The €30.94 billion decrease was largely due to a decline in gold reserves, falling to €312.91 billion from €345.87 billion in February. On the other hand, increases were recorded in foreign currency reserves (€32.30 billion vs €31.01 billion), claims on the IMF (€38.86 billion vs €38.23 billion), and other reserve assets (€6.57 billion vs €6.46 billion). In March 2025, the reserves stood at €305.12 billion.

France’s official reserve assets rose to €421.57 billion at the end of February 2026 from €409.26 billion in January, reaching a new high since records began in 1972. The increase was driven mainly by a rise in gold reserves to €345.87 billion from €334.05 billion in January, while foreign currency reserves also grew modestly to €31.01 billion from €30.55 billion. Claims on the IMF increased slightly to €38.23 billion from €38.20 billion, whereas other reserve assets edged down marginally to €6.46 billion from €6.46 billion. Overall, gold continues to be the primary contributor to France’s reserve growth, while foreign currency holdings and IMF claims added modest gains.