India is world's 4th-largest foreign currency holder
Wednesday, 06 February 2008, 06:04 Hrs | 1 Comments
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.