Top 12 Countries with Highest Foreign Exchange Reserves

7. Brazil
Foreign exchange reserves: $376.93 billion

Brazil has the seventh largest economy in the world in terms of both GDP and PPP. Few decades back, Brazil was not economically strong as it is today. Industrial reforms in the country are the main reason behind its economic growth.

The International Monetary Fund has declared Brazil to be the largest economy in Latin America. Agriculture, mining, industries, tourism and manufacturing are the main source of the Brazilian revenue.

Brazil is also very rich in natural resource and is the home to many verities of wildlife and some of the rarest species of birds.

8. Republic of Korea
Foreign exchange reserves: $327.39 billion

South Korea is one of the largest hubs of electronics, robotics, automobiles, machineries and petrochemicals in the world. It earns a majority of its revenue by exporting these products.

Over the past few decades, South Korea’s economic growth has been very fast and high and it has maintained the same economic growth over the years. It is the fourth largest economy in Asia and is considered to be the fifteenth and twelfth largest economy in the world, in terms of GDP and PPP.

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