At the end of 2022, China became the owner of the largest gold and foreign exchange reserves in the world for the 17th time in a row, Russia is in fourth place. This is stated on February 6 in a report by RIA Novosti, compiled on the basis of data from national central banks.
At the end of December, China’s reserves amounted to $3.31 trillion. The second line is occupied by Japan with savings of $1.27 trillion. In third place is Switzerland, whose assets amount to $924 billion.
Russia, which at the beginning of 2022 was losing fourth place to India, regained its positions in the summer and ended the year in its fourth place with reserves of $582 billion. India ended up fifth with $563 billion in assets.
Further, the top 10 countries in terms of the number of largest gold and foreign exchange reserves were Saudi Arabia (6th place – $460 billion), Hong Kong (7th place – $424 billion), South Korea (8th – $424 billion), Brazil (9th — $325 billion) and Germany ($295 billion), which closes the top ten.
Earlier, on February 5, it was reported that gold and foreign exchange reserves in the world in 2022 fell by $1 trillion. Switzerland depleted its reserves the most — by $186 billion, Japan — by $134 billion, Singapore — by $128 billion, China — by $120 billion. banks in 33 countries. In particular, a strong growth in gold and foreign exchange reserves was recorded in Turkey, whose savings increased by $17.6 billion.
On January 27, Capital Lab partner Evgeny Shatov told Izvestia that the positive revaluation of Russia’s international reserves was caused by the growth in the cost of gold and the strengthening of the yuan against the dollar. As a result, the volume of Russian resources has grown. According to him, at present, the assets of the Central Bank, not subject to freezing, mainly consist of yuan and gold.
A day earlier, the Central Bank reported that the volume of international reserves as of January 20 amounted to $594.6 billion, having increased over the week by $2.6 billion (by 0.4%).
