Publication
May 2009
China reported $1.95 trillion in foreign exchange reserves at the end of March 2009. This is by far the largest stockpile of foreign exchange in the world: China holds roughly two times more reserves than Japan, and four times more than either Russia or Saudi Arabia. Moreover, China’s true foreign portfolio exceeds its disclosed foreign exchange reserves.
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English (PDF, 26 pages, 2.0 MB) |
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Author | Brad W Setser, Arpana Pandey |
Series | CFR Working Papers |
Publisher | Council on Foreign Relations (CFR) |
Copyright | © 2009 Council on Foreign Relations (CFR) |