FX.co ★ France Forex Reserves Scales New Record

France’s official reserve assets rose to €421.57 billion at the end of February 2026, up from €409.26 billion in January, marking a new record high since data collection began in 1972. The increase was driven primarily by gold reserves, which climbed to €345.87 billion from €334.05 billion in January. Foreign currency reserves also posted a modest gain, rising to €31.01 billion from €30.55 billion.

Claims on the IMF inched up to €38.23 billion from €38.20 billion, while other reserve assets were virtually unchanged at €6.46 billion. Overall, gold remains the dominant driver of France’s reserve accumulation, with foreign currency holdings and IMF claims providing additional, though comparatively modest, support.