BANKING AFFAIRS

Detailed explanation-1: -Monthly forex reserves in 82 countries and territories worldwide 2022. Of all the countries in the world, China had, by far, the largest international reserves in 2022, with 3.46 trillion USD in reserves and foreign currency liquidity.

Detailed explanation-2: -Largest Foreign Reserves All figures are as of June 2022. Note that the above table lists China’s and Hong Kong’s reserves separately. China has by far the largest foreign currency reserves with over two and a half times more than the second-largest reserve holder, Japan.

Detailed explanation-3: -China’s foreign exchange reserves dropped more than expected to $3.055 trillion, in August, according to the official data. China’s forex reserves dropped as the dollar climbed against other major currencies.

Detailed explanation-4: -According to the statistics of the State Administration of Foreign Exchange (SAFE), by the end of December 2022, China’s foreign exchange reserves registered USD 3.1277 trillion, up by USD 10.2 billion, or 0.33%, from the end of November.