The gold reserve held by Portugal's central bank has risen in value since last year.
The nearly 383 tonnes of gold has appreciated 11.7% in a year and now is worth over €1.4 billion more than at this time in 2013.
According to the latest data from the World Gold Council, Portugal is in 15th place in the list of countries with the largest gold reserves in the world.
The Bank of Portugal has often been questioned as to why this valuable asset sits in its vaults, rather than being used to pay off some of the country's debts.
The central bank has not bought or sold any gold since 2006 and the sale of gold to repay the country's debt is forbidden due to the rules of the euro area and an agreement between the European central banks.
In May this year the value of gold reserves held by the Bank of Portugal on behalf of the Portuguese people had crashed 31% since May 2013 due to a decline in the international price and the US Dollar to Euro exchange rate.
At the end of 2012 the Bank of Portugal had €15.51 billion in gold reserves but at the end of 2013 this reserve was valued at €10,71 billion, down a massive 30.9% in a year.
The rise to the current value of €13 billion is welcomed but rather academic.
