Join Hands to Build a Smarter India: Sign in | Join now
News

Top 12 Countries with Highest Foreign Exchange Reserves

By SiliconIndia  |   Monday, 13 May 2013, 04:56 Hrs
33
36
54
12
Print Email


Bangalore: Foreign Exchange Reserves are one of the most important assets for any nations. Foreign Exchange Reserve is the amount of the currency deposits of the foreign nation in the monetary authority of a nation.



India’s financial condition is getting stronger as compared to earlier. Currently, India stands on the tenth rank in the list of the countries with top most foreign exchange reserves. The list of the top twelve nations as reported by ‘Rediff’, with the maximum Foreign Exchange Reserves is given below.



1. China
Foreign exchange reserves: $3.31 trillion



China is the not only the most populated nation in the world; it is also the second largest country in the world and world’s fastest growing economy. In terms of GDP and PPP, China is the second largest economy in the world.



Till 1978, China had a centrally planned economy but during the early 1960s, China’s economy started changing due to the ‘Great Leap Forward’ initiated by Mao Zedong.



2. Japan
Foreign exchange reserves: $1.25 trillion



In terms of GDP, Japan has the third largest economy in the world and by PPP; Japan is the fourth largest economy in the world.



The Japanese industrial sector is the main reasons behind this growth of Japan. It is the home to some of the most advanced automobile companies in the world. Even Japan is also very rich in their hun resources. 



Japan is also one of the largest exporters of electronics, ships, textile, processed foods and nonferrous metals. The unemployment rate is very low in Japan.



Also Read:
5 Banks Providing Cheapest Home Loans in India
9 Millionaires Who Spend Money for Weird Reasons



Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Ather Mohammad A
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Write your comment now
Submit Reset
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved