Hello,
Reserves were formerly held only in gold, as official gold reserves. But under the Bretton Woods system, the United States pegged the dollar to gold, and allowed convertibility of dollars to gold. This effectively made dollars appear as good as gold. The U.S. later abandoned the gold standard, but the dollar has remained relatively stable as a flat currency, and it is still the most significant reserve currency. Central banks now typically hold large amounts of multiple currencies in reserve.
Rank | Country/Monetary Authority | Foreign exchange reserves (millions of USD) |
Figures as of |
---|---|---|---|
— | World (sum of all countries) | $ 7,208,609 | — |
1 | People’s Republic of China (does not include Hong Kong SAR & Macau SAR) |
$ 1,589,900 | January 2008 |
2 | Japan | $ 1,007,981 | February 2008 |
— | Eurozone (EU member states which have adopted the euro, incl. ECB) |
$ 556,965 | January 2008 |
3 | Russia | $ 494,500 | March 2008 |
4 | India | $ 301,235 | February 2008 |
5 | Taiwan | $ 277,840 | February 2008 |
6 | South Korea | $ 262,400 | February 2008 |
7 | Brazil | $ 193,782 | March 2008 |
8 | Singapore | $ 171,735 | February 2008 |
9 | Hong Kong | $ 160,300 | February 2008 |
10 | Germany | $ 147,255 | January 2008 |
11 | France | $ 128,513 | January 2008 |
12 | Malaysia | $ 116,300 | February 2008 |
13 | Algeria | $ 110,000 | December 2007 |
14 | United Kingdom | $ 104,580 | February 2008 |
15 | Italy | $ 103,459 | January 2008 |
16 | Thailand | $ 100,500 | February 2008 |
17 | Mexico | $ 90,380 | February 2008 |
18 | Libya | $ 79,000 | September 2007 |
19 | Iran | $ 76,100 | November 2007 |
20 | Switzerland | $ 75,559 | January 2008 |
21 | Turkey | $ 74,900 | February 2008 |
22 | United States | $ 73,521 | February 2008 |
23 | Poland | $ 68,564 | January 2008 |
— | European Central Bank (ECB, reserves not wholly owned by any single EU member) |
$ 64,285 | January 2008 |
24 | Norway | $ 58,930 | January 2008 |
25 | Indonesia | $ 57,130 | February 2008 |
26 | Nigeria | $ 56,800 | February 2008 |
27 | Argentina | $ 49,000 | February 2008 |
28 | Canada | $ 43,613 | February 2008 |
29 | Romania | $ 41,078 | January 2008 |
30 | Czech Republic | $ 37,017 | February 2008 |
31 | Denmark | $ 36,317 | January 2008 |
32 | Philippines | $ 36,100 | February 2008 |
33 | Egypt | $ 32,915 | February 2008 |
34 | Venezuela | $ 32,723 | March 2008 |
35 | South Africa | $ 32,723 | February 2008 |
36 | Peru | $ 32,587 | March 2008 |
37 | Ukraine | $ 31,842 | January 2008 |
38 | Australia | $ 31,832 | January 2008 |
39 | Sweden | $ 31,561 | January 2008 |
40 | Saudi Arabia | $ 31,320 | October 2007 |
41 | United Arab Emirates | $ 29,620 | 2007 est. |
42 | Israel | $ 28,662 | January 2008 |
43 | Netherlands | $ 27,486 | January 2008 |
44 | Morocco | $ 25,690 | January 2008 |
45 | Hungary | $ 24,200 | January 2008 |
46 | Colombia | $ 21,850 | February 2008 |
47 | Iraq | $ 21,260 | 2007 est. |
48 | Vietnam | $ 20,000 | September 2007 |
49 | Spain | $ 19,999 | January 2008 |
50 | Kuwait | $ 19,630 | 2007 est. |
51 | Lebanon | $ 19,400 | 2007 est. |
52 | Kazakhstan | $ 19,040 | February 2008 |
53 | Slovakia | $ 18,964 | January 2008 |
54 | Austria | $ 18,831 | January 2008 |
55 | Bulgaria | $ 17,367 | January 2008 |
56 | New Zealand | $ 17,236 | January 2008 |
57 | Chile | $ 16,910 | January 2008 |
58 | Belgium | $ 16,717 | January 2008 |
59 | Serbia | $ 15,864 | February 2008 |
60 | Pakistan | $ 14,063 | February 2008 |
61 | Croatia | $ 13,819 | January 2008 |
62 | Macau | $ 13,600 | January 2008 |
63 | Angola | $ 12,290 | 2007 est. |
64 | Portugal | $ 12,530 | January 2008 |
65 | Botswana | $ 9,629 | 2007 est. |
66 | Finland | $ 8,602 | January 2008 |
67 | Jordan | $ 8,005 | January 2008 |
68 | Yemen | $ 7,871 | 2007 est. |
69 | Tunisia | $ 7,714 | February 2008 |
70 | Lithuania | $ 7,053 | February 2008 |
71 | Oman | $ 7,004 | 2007 est. |
72 | Trinidad and Tobago | $ 6,761 | 2007 est. |
73 | Cyprus | $ 6,176 | 2007 est. |
74 | Syria | $ 6,039 | 2007 est. |
75 | Qatar | $ 6,368 | 2007 est. |
76 | Latvia | $ 5,903 | January 2008 |
77 | Bangladesh | $ 5,490 | January 2008 |
78 | Bosnia and Herzegovina | $ 5,151 | January 2008 |
79 | Guatemala | $ 4,559 | 2007 est. |
80 | Bolivia | $ 4,917 | 2007 est. |
81 | Uruguay | $ 4,429 | January 2008 |
82 | Uzbekistan | $ 5,600 | 2007 est. |
83 | Cuba | $ 4,247 | 2007 est. |
84 | Azerbaijan | $ 4,000 | 2007 est. |
85 | Equatorial Guinea | $ 3,928 | 2007 est. |
86 | Costa Rica | $ 3,915 | 2007 est. |
87 | Belarus | $ 3,788 | January 2008 |
88 | Turkmenistan | $ 3,644 | 2007 est. |
89 | Ecuador | $ 3,618 | 2007 est. |
90 | Estonia | $ 3,581 | February 2008 |
91 | Malta | $ 3,522 | 2007 est. |
92 | Bahrain | $ 3,474 | 2007 est. |
93 | Greece | $ 3,387 | January 2008 |
94 | Kenya | $ 3,300 | February 2008 |
95 | Sri Lanka | $ 3,252 | 2007 est. |
96 | Honduras | $ 2,892 | 2007 est. |
97 | Ghana | $ 2,837 | 2007 est. |
98 | Iceland | $ 2,792 | February 2008 |
99 | Dominican Republic | $ 2,525 | 2007 est. |
100 | Côte d’Ivoire | $ 2,500 | 2007 est. |
101 | Paraguay | $ 2,463 | 2007 est. |
102 | Tanzania | $ 2,441 | 2007 est. |
103 | Cameroon | $ 2,341 | 2007 est. |
104 | Congo | $ 2,242 | 2007 est. |
105 | El Salvador | $ 2,224 | January 2008 |
106 | Papua New Guinea | $ 2,193 | December 2007 |
107 | Uganda | $ 2,100 | 2007 est. |
108 | Burma | $ 2,000 | January 2008 |
109 | Republic of Macedonia | $ 1,803 | 2007 est. |
110 | Mauritius | $ 1,772 | 2007 est. |
111 | Armenia | $ 1,657 | December 2007 |
112 | Albania | $ 1,615 | December 2007 |
113 | Cambodia | $ 1,600 | December 2007 |
114 | Jamaica | $ 1,490 | December 2007 |
115 | Mozambique | $ 1,470 | November 2007 |
116 | Gabon | $ 1,459 | 2007 est. |
117 | Moldova | $ 1,360 | February 2008 |
118 | Senegal | $ 1,350 | 2007 est. |
119 | Georgia | $ 1,300 | 2007 est. |
120 | Panama | $ 1,260 | 2007 est. |
121 | Sudan | $ 1,245 | 2007 est. |
122 | Kyrgyzstan | $ 1,155 | January 2008 |
123 | Zambia | $ 1,100 | 2007 est. |
124 | Slovenia | $ 1,076 | January 2008 |
125 | Nicaragua | $ 1,075 | 2007 est. |
126 | Chad | $ 997 | 2007 est. |
127 | Republic of Ireland | $ 930 | January 2008 |
128 | Burkina Faso | $ 897 | 2007 est. |
129 | Lesotho | $ 889 | 2007 est. |
130 | Ethiopia | $ 840 | 2007 est. |
131 | Benin | $ 825 | 2007 est. |
132 | Namibia | $ 750 | 2007 est. |
133 | Madagascar | $ 745 | 2007 est. |
134 | Barbados | $ 620 | 2007 est |
135 | Laos | $ 514 | 2007 est. |
136 | Rwanda | $ 511 | 2007 est. |
137 | Swaziland | $ 395 | 2007 est. |
138 | Togo | $ 363 | 2007 est. |
139 | Cape Verde | $ 344 | 2007 est. |
140 | Tajikistan | $ 301 | 2007 est. |
141 | Luxembourg | $ 294 | January 2008 |
142 | Guyana | $ 292 | 2007 est. |
143 | Haiti | $ 221 | 2007 est. |
153 | Vanuatu | $ 149 | December 2007 |
144 | Malawi | $ 140 | 2007 est. |
145 | Zimbabwe | $ 120 | 2007 est. |
146 | Gambia | $ 120 | 2007 est. |
147 | Guinea | $ 119 | 2007 est. |
148 | Burundi | $ 118 | 2007 est. |
149 | Seychelles | $ 118 | 2007 est. |
150 | Belize | $ 92 | 2007 est. |
151 | Samoa | $ 70 | 2004 est. |
152 | Tonga | $ 55 | February 2008 |
154 | São Tomé and Príncipe | $ 36 | December 2007 |
155 | Eritrea | $ 22 | 2007 est. |