Top 12 Countries with Highest Foreign Exchange Reserves

11. Singapore
Foreign exchange reserves: $259.13 billion

Singapore is considered as one of the most ideal place for business. The flexibility in Singapore’s business policies is very friendly and stress-free. The economy of Singapore is one of the most innovative economies in the world. Since the rate of corruption is negligible, Singapore has maintained a very stable and high economic growth.

It is the fourth largest primary financial center in the world and it also has the busiest port in the world. Export consist a major portion of Singapore’s trade and it is the fourteenth largest exporter in the world.

12. Germany
Foreign exchange reserves: $240.55 billion

Germany has been an influential name from many centuries. Home to many great philosophers and thinkers of the past, Germany is now considered as one of the financial leaders of the world with a higher economic growth.

Germany has the fourth largest economy in terms of GDP and the fifth largest economy in the world, in terms of PPP. Among all the European countries, Germany is considered to be the most powerful and innovative country. The lower rate of corruption is one of the main reasons behind the higher rate of economic growth of Germany.

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