List Of Top Ten Nations With Largest Foreign Exchange Reserves

Foreign exchange reserves also known as forex is foreign currency deposits and bonds which are held by central bank of the country.

High foreign reserves helps governments to manipulate exchange rates which in turn does assist in maintaining good economic environment.

Great reserves are one of important barometer for country's ability to pay foreign debts and credit ratings of nations are defined using forex reserves as one of important parameter.

Here is list of top ten countries :

1) China :

China , the most populous country is the world , the fastest growing economy in the world , the second largest economy in the world and emerging super power of the world is ranked first in list of countries with largest foreign exchange reserves.

What is the amount?. Well hold your breath. It is $2.65 trillion!!!!!!!!!!!!!!!!!!

2) Japan :

If china is placed at number one , japan the another asian country is placed at second rank. The third largest economy has reserves of $1.11 trillions.

3) Russia :

It may not be super power anymore with fall of USSR but Russia still remains one of powerful countries in the world. It comes third in rank of largest foreign reserves with $498.7 billion.

4) Saudi Arabia :

The petro king Saudi comes fourth in the list . It has foreign reserves of $410.3 billion.

5) Taiwan :

Well if main land china is first in the rank , taiwan is fifth in the list. With foreign reserves of $383.84 billion Taiwan sits comfortably among top 5 nations.

6) India :

The Asia's third largest economy and second fastest growing economy in the world , India is placed at 6th with $300 billion as foreign exchange reserves.

7) South Korea :

Asia dominates the list with another asian country , south korea places at 7th. It has reserve of $293.35 billions.

8) Brazil :

One of most upcoming countries brazil is placed at 8th in the list. Brazil's foreign exchange reserves hit all time high with $271.472 billions

9)Hong Kong :

Hong Kong is placed at 9th with foreign reserves of $266 billion.Hong Kong is special administrative region of china along with macau. It was British colony till china regained its control in 1997.

10) Switzerland :

Placed 10th , Switzerland has foreign exchange reserves of $249.5 billion. One of most investment friendly countries Switzerland ranks in top 10 among number of parameters.


Largest economy ,USA is placed at 17th with foreign exchange reserves of $136+ billions while Germany ranks 12th with forex of $205+ billions.