Forex reserves of india and china

Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here. Support Our Journalism. This is no bright spot for it indicates India has lend billion us dollars to rest of the world whereas she herself badly needs this capital for investment. Save my details. Sign in. Log into your account. Forgot your password? Privacy Policy. Password recovery.

List of Countries by Foreign Exchange Reserves 2020

Recover your password. However, in popular usage and in the list below , it also includes gold reserves , special drawing rights SDRs and International Monetary Fund IMF reserve position because this total figure, which is usually more accurately termed as official reserves or international reserves or official international reserves , is more readily available and also arguably more meaningful. These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies e.

Before the end of the gold standard , gold was the preferred reserve currency. Some nations are converting foreign-exchange reserves into sovereign wealth funds , which can rival foreign-exchange reserves in size. The list below is mostly based on the latest available IMF data, and while most nations report in U. And since all the figures below are in U.

The five countries with the largest foreign exchange reserves almost all have reserves of at least billion USD and higher and have maintained such an amount for at least a week. At present there are only six countries whose reserves are at such a figure; this includes China , Japan , India , Switzerland , Russia and Taiwan. Saudi Arabia formerly included on the list until March ; its reserves were severely depleted by the low oil price during the economic fallout of from the global outbreak of coronavirus disease, its ongoing oil price war with Russia and competition from US shale oil.

The images below shows the timeline of their reserves since the earliest available forex data. The list is in accordance to their respective positions.


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The foreign-exchange reserves of China are the greatest of all countries and been so for more than 14 years. China began reducing its forex reserves in July over concerns that forex reserve level was too high. The practice lasted one and a half years. Japanese foreign exchange reserves are the second biggest reserves in the world. Swiss forex reserves are the third biggest reserves in the world. Swiss reserves are compiled in Swiss franc. The high reserves are mainly because of their historic high net trade surplus.

The Foreign-exchange reserves of India became the fourth largest on 5th Feb after the Reserve Bank of India released its weekly bulletin. IMF releases the quarterly data on the currency composition of official foreign exchange reserves. The data are reported to the IMF on a voluntary and confidential basis. From Q4 , the data was expanded to include renminbi RMB. From Wikipedia, the free encyclopedia. Wikipedia list article. For reserves excluding gold, see List of countries by foreign-exchange reserves excluding gold. Reserves held by the Bank of England is not included.

The US releases data on a weekly basis. China State Administration of Foreign Exchange. Retrieved 12 March Reserve Bank of India. Retrieved 19 March Retrieved 1 April Central Bank of the Republic of China.

Retrieved 9 February Hong Kong Monetary Authority. The Bank of Korea. Monetary Authority of Singapore.

China’s forex reserves expand in June to over USD 3 trillion

Deutsche Bundesbank. Retrieved 19 February Bank of Thailand. Webstat Banque de France. Retrieved 18 February Retrieved 15 December Bank of Israel. Retrieved 7 March Bank of England. Czech National Bank. Retrieved 9 December International Reserve Position".

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Bank of Indonesia. Bank Negara Malaysia. Retrieved 31 March International Monetary Fund. Retrieved 24 March European Central Bank.


  • China has the world’s largest reserves, followed by Japan and Switzerland on the IMF table..
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Retrieved 16 January Department of Finance, Canada. Central Intelligence Agency. Central Reserve bank of Peru.

Explained: Why are forex reserves shooting up when Indian economy is hit?

Norges Bank. Sveriges Riksbank. Retrieved 12 February Reserve Bank of Australia. Bangladesh Bank.

China's foreign reserves rise to 4-year high on strong yuan - CGTN

Hungarian National Bank. According to the experts, a strong reserves position gives credit rating companies and foreign investors added comfort that the country's government can meet its debt obligations despite a declining fiscal outlook. Also Read: 'Drastic changes' in monetary policy framework can upset bond market, warns Raghuram Rajan. Settings Logout.

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