List Of Top 10 Countries With Highest Foreign Exchange Reserves: India In Top 5

Highest Foreign Exchange Reserves: Foreign exchange reserves are also known as Forex Reserves. They are a country’s wealth, held by its central bank. The wealth includes foreign currencies, gold and Special Drawing Rights (SDRs) from the International Monetary Fund (IMF). A nation uses these reserves for several reasons like, for keeping their currency stable, supporting trade and to also to support the economy during times of scarcity. Additionally, foreign reserves are useful in managing inflation, to clear international debts and loans and even global market exchange rates. To know more, here’s a list of the top 10 countries with the highest foreign exchange reserves. 

List Of Top 10 Countries With Highest Foreign Exchange Reserves:

Source: CIA.gov 

1. China

China has the world's highest foreign exchange reserves, which are over Rs 3,26,500 crore. China’s central bank is the People's Bank of China, which holds country’s forex reserves that plays a significant role in stabilising the yuan, building international trade, and economy of the country.

2. Japan

Japan has the second-highest forex reserves, which are over Rs 1,15, 999 crore. These foreign exchange play a key role in protecting the value of yen in world dynamics and also helps to sustain the export-led economy of the country.

3. Switzerland

Switzerland has approximately Rs 82,200 crore in foreign reserves. Being an international financial centre, Switzerland holds strong reserves to back the Swiss franc and to promote financial system stability.

4. India

India's reserves have increasingly risen to around Rs 56,900 crore. The Reserve Bank of India uses this money to stabilise the rupee in the world arena, control inflation, and serve as a shield against financial volatility globally.

5. Russia

Russia has accumulated Rs 59,700 crore reserves, despite the sanctions imposed by Western countries, which hugely affected the nation’s economy. These forex reserves are mostly attributed to energy exports and help stabilise the ruble and economy during times of crisis. 

6. Taiwan

Taiwan's foreign reserve of Rs 45,600 crore highlights its growing export economy, particularly in the sectors of technology and semiconductors. These reserves help the central bank in stabilizing currency and for financial security.

7. Saudi Arabia

The Rs 43,600 crore in Saudi reserves is largely because of its oil exports. The reserves crucially help strengthen its riyal and help government spending and economic diversification plans.

8. Hong Kong

Hong Kong maintains forex reserves of around Rs 42,500 crore, which guarantees stability for its currency against the US dollar. These reserves also keep the country financially stable.

9. South Korea

South Korea's reserves of Rs 40,900 crore are essential in supporting its currency and maintaining economic stability.

10. Singapore

Singapore, which has about Rs 36,500 crore in reserves, is one of the world's leading financial centres. Its reserves underpin the Singapore dollar, promote investor confidence, and promote economic stability.

Read Also: Top 10 Most-Used Websites In The World In 2025: Google, YouTube, Facebook And More

Read Also: List Of Top 10 Countries With Highest Literacy Rate: Where Does India Stand?