Cash Piles

China, Japan, Taiwan, RF lead in gold, forex reserves

08.06.2006, 11.28
XIANGGANG, June 8 (Itar-Tass) - - China, Japan, Taiwan and Russia are in the lead in the world in the volume of gold and foreign currency reserves, says a comparable report prepared by the Hong Kong Currency Department on the basis of the latest statistical data from different countries.
Of late, the biggest holder of state foreign currency reserves has been China which has more than 875 billion dollars. Japan, whose reserves were estimated at 864.1 billion dollars at the end of May, occupies the second place. Taiwan, whose reserves are equal 260.9 billion dollars, ranks third, and Russia with reserves of 247.3 billion dollars - - fourth. -source