5 Countries With The Largest Foreign Reserves in 2023

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1. China

Total forex reserves as at October 2023 (in millions): $3,115,000

Easily topping the list of the 20 countries with the largest foreign reserves in 2023 is China, which has lent over $1.3 trillion to developing economies from 2000 – 2021. Despite having the largest reserves in the world, October was the third consecutive month in which China’s forex reserves declined.

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