What are the top countries with the highest foreign currency reserves in the world? Keep reading Insider Monkey’s article to get this useful information. We will first tell what foreign reserves of one country are, and can we rank international reserves by country. International reserves are any kind of reserve funds that pass between the central banks of different countries in the world as an acceptable form of payment. The reserves can either be gold or some else specific currency, like dollar or euro.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked four of the top countries with the highest foreign currency reserves in the world from their list.
The first one is Denmark. It had some up and downs. The highest data of forex reserves was noted to be USD 109.1 bn in February 2015, and a record lowest is of USD 18.5 bn in January 2002. However, comparing it to the IMF source from 2012, it surprisingly didn’t change much. Then it was $90,144.0. The next country on our brief list is United Arab Emirates. One of the biggest differences between the years 2011 and 2017 in the number of forex reserves has definitely the United Arab Emirates. In 2011 its forex reserves were estimated to be $37,269.0, according to the World Bank, while now it has amazing $89,643.4! The next country should be Israel now. Israel is another country with a big contrast between the years 2012 and 2017. According to the IMF, in 2012, Israel had $75, 647.0 in forex reserves while in November 2017, this amount was much higher with $110, 701.2. The third one we are mentioning The Czech RepublicThe Chezh Republic definitely has one of the most amazing differences between the year 2012 and 2017! Do you believe that in the year 2012 this country had only $44,971.0 in forex reserves? Look at the amount now! At last, but not least let’s check out Brazil’s numbers. Brazil probably has the lowest change in the amount of forex reserves between the year 2012 and 2017. In 2012, according to the IMF data, Brazil’s foreign currency reserves was $373, 147.0.