Top 12 Countries with Highest Foreign Exchange Reserves

9. Hong Kong
Foreign exchange reserves: $304.77 billion

Hong Kong’s free-trade policy and low tax rate has increased the growth of business in the land and it has now become one of the most important financial centers in the world.

Since the increasing population is raising the space problems tremendously, Hong Kong has adopted ultra-modern technology to cope up with this problem. It has become the nation with most of the tallest buildings in the entire Asian region as well as in the world.  

10. India
Foreign exchange reserves: $290.91 billion

The history of India’s economic growth might not be very old, but it is one of the fastest growing economies on the world. Even though there are multiple obstacles in the Indian economy, India’s economic growth has been very remarkable. At present, India’s economy is considered to be the tenth largest economy in the world.

India has the second largest workforce in the world and it contributes more than fifty-five percent of the total GDP. Industry and agriculture are also the major boosts of the Indian economy. They contribute 26.3 ad 18.1 percent to the economy.

India is one of the primary exporter of petroleum, chemical, IT service, tea leaves, jute, leather goods and many more.

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