Forex Exchange

Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits held by central banks and monetary authorities. However, the term foreign exchange reserves in popular usage (such as this list) commonly includes foreign exchange andgold, SDRs and IMF reserve position as this total figure is more readily available, however it is accurately deemed as official reserves orinternational reserves. The list excludes currency swaps conducted by central banks.

These are assets of the central banks which are held in different reserve currencies such as the dollar, euro, yen and pound, and which are used to back its liabilities, e.g. the local currency issued, and the various bank reserves deposited with the central bank, by the government or financial institutions. Before the end of the gold standard, gold was the preferred reserve. Some nations are converting

foreign exchange reserves intosovereign wealth funds, which can rival foreign exchange reserves in size.

This is a list of countries and territories by foreign exchange reserves in US dollar equivalence. Some nations have multiple monetary authorities, counted separately, such as the People's Republic of China, which has three (mainland China, Hong Kong, and Macau). Exchange rate fluctuations can have significant impact on these numbers. While most nations report in US dollars, a few nations in Eastern Europe report solely in Euros.