Martian2
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The countries with the world's largest foreign exchange reserves are:
1. China $3.119 trillion
2. Japan $1.199
3. Switzerland* $0.75
4. Saudi Arabia 0.485
5. Taiwan $0.45
China is the world's largest exporter ($2.36 trillion) and trade-surplus ($422 billion) nation. Its $3.119 trillion in foreign exchange reserves is expected.
Japan has a large foreign exchange reserve, because it is living off its trade surpluses from the 1980s-1990s and the investment income.
I put an asterisk next to Switzerland's foreign exchange reserves, because it is the result of currency speculation in the Swiss Franc. In the past, the Euro was dropping in value. Foreigners purchased a lot of stable Swiss Francs. The Swiss issued more Francs to meet the market demand. This resulted in the Swiss holding a pile of foreign currencies.
Saudi Arabia is a major oil exporter. We expect to see Saudi Arabia among the world's top five foreign exchange holders.
Taiwan has a sizable $451 billion foreign exchange reserve, because its annual trade surplus ($57.9 billion) far exceeds its import needs for oil and raw materials.
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Forex reserves at end-2017 continues to hit high | Focus Taiwan (January 5, 2018)
"Taiwan ranked fourth globally in terms of forex reserves value, behind China's US$3.119 trillion at the end of November, Japan's US$1.199 trillion at the end of November, and Switzerland's US$749.8 billion."
1. China $3.119 trillion
2. Japan $1.199
3. Switzerland* $0.75
4. Saudi Arabia 0.485
5. Taiwan $0.45
China is the world's largest exporter ($2.36 trillion) and trade-surplus ($422 billion) nation. Its $3.119 trillion in foreign exchange reserves is expected.
Japan has a large foreign exchange reserve, because it is living off its trade surpluses from the 1980s-1990s and the investment income.
I put an asterisk next to Switzerland's foreign exchange reserves, because it is the result of currency speculation in the Swiss Franc. In the past, the Euro was dropping in value. Foreigners purchased a lot of stable Swiss Francs. The Swiss issued more Francs to meet the market demand. This resulted in the Swiss holding a pile of foreign currencies.
Saudi Arabia is a major oil exporter. We expect to see Saudi Arabia among the world's top five foreign exchange holders.
Taiwan has a sizable $451 billion foreign exchange reserve, because its annual trade surplus ($57.9 billion) far exceeds its import needs for oil and raw materials.
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Forex reserves at end-2017 continues to hit high | Focus Taiwan (January 5, 2018)
"Taiwan ranked fourth globally in terms of forex reserves value, behind China's US$3.119 trillion at the end of November, Japan's US$1.199 trillion at the end of November, and Switzerland's US$749.8 billion."
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