Tuesday, June 2, 2015

Major holders of foreign exchange ( Power holders over the dollar!!!)


Forex Reserves


 (As of the end of April 2015) (billion dollars)

Rank
                Country
Foreign reserves
1
China (end Mar.2015)
3730
2
Japan
1250
3
Saudi Arabia
686
4
Switzerland
600
5
Taiwan
418
6
Korea
370
7
Brazil
365
8
Russia
356
9
India
352
10
Hong Kong
343

Sources: IMF, relevant central banks.


China and Hong Kong together have USD 4073 billion worth of Forex reserves. That is 48. 1 % of the total holdings  of the top 10 forex holders.

 According to the Wall Street Journal[1], Central banks held 62.9% of their reserves in dollars at the end of the fourth quarter,2014 up from 62.3% in the third quarter and marking the highest level since 2009, according to data released by the International Monetary Fund. The share held in euros fell to 22.2%, the lowest allocation in 13 years.


Without any risk or responsibility 


[1] http://www.wsj.com/articles/dollar-share-of-global-foreign-exchange-reserves-rises-1427815826

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