India is world's 4th-largest foreign currency holder
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India is world's 4th-largest foreign currency holder

Wednesday, 06 February 2008, 06:04 Hrs   |    1 Comments
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Taipei: India has replaced Taiwan as holder of the world's fourth-largest foreign currency reserves, Taiwan's central bank said on Monday.

Taiwan's world ranking slipped to the fifth place as India surpassed it with foreign currency reserves of $279.5 billion.

At the end of January, Taiwan's foreign currency reserves were $272.8 billion.

The world's top holders of foreign currency reserves are:

1) China - $1.5 trillion; 2) Japan - $948 billion; 3) Russia - $479.4 billion; 4) India - $279.5 billion; 5) Taiwan - $272.8 billion; 6) South Korea - $261.8
billion; 7) Singapore - $163.6 billion; 8) Brazil- $163.5 billion; and 9) Hong Kong - $146.9 billion.
Source: IANS
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