Foreign Reserves are used by nations to pay for critical imports such as crude oil or services; they also help the nation in producing an adequate response during a financial crisis. Here is the list of the Top countries with the highest foreign reserves.
China
As of July 2025, China has nearly $3.2 trillion worth of assets, making it the largest owner of foreign exchange reserves in the world. These show the robust nature of the Chinese economy. It consists of a mix of assets, including foreign currencies, gold, bonds, and other financial instruments. The exact composition of the reserve is classified information. However, since 2014, China has been consistently trying to lower its US dollar assets and diversify its foreign currency holdings.
Japan
Japan has $1.3 trillion worth of Foreign Reserves, the second largest in the world. It is also the largest holder of US securities. As of July 2025, the composition of Japan’s Foreign Reserves includes, $1.13 trillion of Foreign currency reserves, $89.7 billion of Gold, IMF Reserve position and Special Drawing Rights of approximately $71 billion.
Switzerland
In July 2025, Switzerland’s Foreign Exchange Reserves were measured at approximately $897.6 billion. Switzerland’s Central Bank maintain these reserves in a diversified portfolio. With gold reserves $112.6 billion, other reserve assets are approximately $0.021 billion, a notable gain in SDR and IMF reserve options.
India
As of mid-August 2025, the Indian Foreign Reserve stands at $695.10 billion. Foreign Currency Assets (FCA) stood at $585.90 billion, the largest portion in major currencies like the Dollar, Euro, and Franc. Rest is divided up between Gold Reserve, SDR and IMF reserve options.
Russia
According to the Central Bank of Russia, Russia’s foreign exchange reserves as of now are $689.458 billion, which is an all-time high amount for Russia. The reserves are mostly gold or currencies of other countries; they can be special drawing rights and marketable securities. The exact composition of the reserves is not disclosed.
