This was the G20 country with the largest foreign exchange reserves in 2021.

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Viva Budy Kusnandar 16/11/2022 13:10 WIB

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China's foreign exchange reserves reached US$3.43 trillion in 2021.

Foreign Exchange Reserves of 19 G20 Member Countries (2021)

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This was the G20 country with the largest foreign exchange reserves in 2021.

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Foreign Exchange Reserves of 19 G20 Member Countries (2021)

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China, a G20 member, possesses the largest foreign exchange reserves. According to World Bank data, the reserves of the "Bamboo Curtain" nation reached US$3.43 trillion, or approximately Rp51.4 quadrillion (at an exchange rate of Rp15,000 per US dollar) in 2021.

The next largest G20 foreign exchange reserves belong to Japan, at US$1.41 trillion. This is followed by the United States with US$716.15 billion, India with US$638.48 billion, and Russia with US$632.24 billion.

Conversely, Argentina has the lowest foreign exchange reserves among G20 nations, at only US$39.65 billion. This is followed by South Africa with US$57.6 billion, and Australia with US$57.88 billion.

Indonesia's foreign exchange reserves amounted to US$144.9 billion, or approximately Rp2.17 quadrillion, at the end of last year. With this value, Indonesia's foreign exchange reserves ranked 14th out of the 19 G20 countries.

Based on Bank Indonesia data, Indonesia's foreign exchange reserves reached US$130.2 billion in October 2022. This figure is lower than the previous month's US$130.8 billion. This amount is equivalent to 5.8 months of import financing or 5.6 months of financing for imports and government foreign debt payments.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."