Countries with the highest international reserves have been revealed.
According to the World of Statistics 2023 report, China leads the list of countries with the highest reserves (in gold and US dollars), followed by Japan, Switzerland, USA, and India in the top five, while the likes of Cuba, Estonia, Cyprus, Yemen, and South Sudan are at the bottom of the list.
Reserves are funds that central banks exchange with one another at an international level, either in gold or in an internationally accepted currency like the US dollar or the euro.
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Special drawing rights (SDRs), or baskets of national currencies, can also be accepted as reserves.
See the full list:
China: $3,427,931
Japan: $1,405,748
Switzerland: $1,109,821
USA: $716,152
India: $638,484
Russia: $632,241
Hong Kong: $496,867
Saudi Arabia: $473,889
South Korea: $463,281
Singapore: $425,097
Brazil: $362,210
Germany: $295,736
Thailand: $246,025
France: $244,280
Italy: $227,478
Israel: $212,933
Mexico: $207,799
UK: $194,181
Indonesia: $144,907
UAE: $131,116
Turkey: $109,534
Canada: $106,615
Spain: $92,201
Norway: $84,270
Denmark: $82,235
Australia: $57,877
South Africa: $57,597
Argentina: $39,653
Nigeria: $36,729
Pakistan: $22,811
Finland: $16,744
Greece: $14,447
Ireland: $13,247
Venezuela: $9,794
Belarus: $8,424
Latvia: $5,491
Ethiopia: $3,046
Estonia: $2,371
Cyprus: $1,611
Yemen: $946
South Sudan: $183
Cuba: 0
[DAILYPOST]
