“Novosti” agency stated, quoting data, that the world’s central banks reduced their international reserves in February 2023 by $276.4 billion, and this came after 3 months of growth.
According to the agency’s data, which it quoted from the data of central banks in the world, central bank reserves decreased by $276.4 billion to reach $12.852 trillion.
Regarding the largest holders of foreign exchange reserves in the world, the data indicated that China ($3.315 trillion), Japan ($1.226 trillion), Switzerland ($898.2 billion), Russia ($574.2 billion) and India ($560.9 billion) are the largest holders of foreign exchange reserves.
At the end of the winter, China’s reserves fell by $56.6 billion, while Russia’s reserves fell by $22.8 billion.
At the same time, 26 countries increased their investments in foreign assets. Kuwait’s reserves increased by $4.1 billion more than others. Singapore increased its reserves by $2.4 billion, New Zealand increased by $1.98 billion, while the increase in other countries was less than one billion.
Despite these changes, the top five economies in terms of international reserves remained the same:
1. China: $3.315 trillion
2. Japan: $1.226 trillion
3. Switzerland: $898.2 billion
4. Russia: $574.2 billion
5. India: $560.9 billion
The top 10 includes the following countries and regions:
6. Saudi Arabia: $452.6 billion
7. Hong Kong: $429.1 billion
8. South Korea: $425.3 billion
9. Brazil: $328.1 billion
10. Singapore: $294.1 billion
This article was originally published by RT.
