Top 10 African nations with the most foreign currency reserves since about 2022

Top 10 African nations with the most foreign currency reserves since about 2022

Foreign currency deposits held by national central banks and monetary authorities are the only types of foreign currency reserves, often known as FX reserves. However, this total figure, which is repeatedly referred to as official reserves, foreign reserves, or official international reserves, is usually more accurately did refer to as gold reserves, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve position because it is more readily available and arguably more important.

These foreign-currency deposits are the financial holding of the central banks and monetary authorities used to support their liabilities. These holdings include the US dollar, the Euro, the Japanese yen, the Chinese renminbi, the Swiss franc, and the Pound Sterling

Rank	Country	Foreign Currency Reserves (USD billions)
1	China	$3,480
2	Japan	$1,376
3	Switzerland	$1,033
4	Russia	$630
5	India	$599
6	Taiwan	$548 (as of Dec. 31, 2021)
7	Hong Kong	$504
8	Saudi Arabia	$451
9	South Korea	$449
10	Singapore	$365