At the end of September 2024, the foreign exchange reserve assets of the world’s central banks stood at $14.3 trillion, compared to $12.9 trillion a year earlier. In 2024, Russia became the seventh in the world in terms of growth in gold and foreign exchange reserves, while China, Switzerland and India occupy the first three places, according to data from national central banks.
The absolute leader in their growth was China, which increased its gold and foreign currency assets by 263.3 billion dollars. In second place is Switzerland with an increase in reserves by 131.9 billion dollars, and third is India with 118.1 billion dollars.
In the past year, Germany’s reserves increased by $67.2 billion, France’s by $66.1 billion, and Russia’s by $64.7 billion. Also in the top ten are Singapore (increase of $52.4 billion), Poland (increase of $38.8 billion) and Brazil (increase of $31.7 billion).
Another twenty regulators, including the central banks of Turkey, Japan and Mexico, increased their assets by between $10 billion and $30 billion, while another 70 saw growth of up to $10 billion. At the same time, every tenth financial regulator recorded a decrease in its reserves.
They decreased the most in Bangladesh (by 2 billion dollars), the Dominican Republic (by 1.4 billion dollars) and Ukraine (by 820 million dollars). Foreign exchange assets were also reduced in Paraguay, Estonia, Kuwait, Georgia, Armenia, Uganda and the Bahamas.
In terms of the volume of foreign exchange reserves, China retained its long-standing world leadership – at the end of September, its assets amounted to 3.57 trillion dollars. Japan ranked second with 1.25 trillion. Switzerland is in third place with assets of 950 billion dollars.
Fourth place was taken by India, which accumulated assets worth 706 billion, and in fifth place is Russia with 634 billion dollars. The research was conducted on the basis of information from the national central banks of one hundred economies of the world, which published data for September at the end of December.
And what is the situation in Bosnia and Herzegovina? The foreign exchange reserves of the Central Bank of Bosnia and Herzegovina at the end of September amounted to 16.87 billion KM and are higher by 190 million KM compared to the previous month. At the annual meeting, foreign exchange reserves increased by KM 948.7 million or six percent, the Central Bank of Bosnia and Herzegovina announced.
The foreign exchange reserves of the Central Bank at the end of November 2024 amounted to 17.04 billion KM and on an annual level they increased by 1.27 billion KM (8.1%).
Some other countries in our immediate vicinity are not ranked particularly high either, so for example Slovenia ranks 91st (with stocks of 3.2 tons), and Albania 90th (with stocks of 3.4 tons), it says Press Media BiH.
