Hi To all The Participants of Int.

Business Course, 19th Nov 2010

Kindly go through the note below on the foreign exchange reserves of various
countries. It will give you some perspective of the International business
strengths of those countries.

Regards

Bhasker Assoldekar

The world's fastest growing economy, China saw its foreign-exchange reserves rise to a record $2.65
trillion by the end of September 2010.

According to People's Bank of China, currency holdings rose about $194 billion.

China's trade surplus and inflows of cash from foreign direct investment also drive up the reserves, which
rose 16.5 percent by the end of September from a year earlier.

Japan's foreign-exchange reserves shot to a new record high of $1.110 trillion at the end of September
2010.

Reserves grew by $39.44 billion, up for a fourth straight month.

The previous all-time high was below $1.074 trillion, during November 2009.

Russia holds the world's third-largest reserves.

Russia's gold and foreign exchange reserves fell to $495.6 billion in the week to October 29 from $498.7
billion.

The oil rich Saudi Arabian economy has forex reserves to the tune of $410.3 billion as of December 2009.
Saudi Arabia possesses 25 per cent of the world's proven petroleum reserves, ranks as the largest exporter
of petroleum.

Taiwan's foreign exchange reserves rose for the 24th consecutive month in October to reach a record high
of $383.84 billion.

The nation's foreign exchange reserves were up $3.33 billion at the end of October from a month earlier,
according to the Central Bank of the Republic of China.
Taiwan's rapid economic growth in the decades after World War II has transformed one of the Four Asian
Tigers.

India's foreign exchange reserves breached the $300-billion mark for the first time since 2008 with an
addition of $2.2-billion on the back of a healthy rise in foreign currency.

The rise to $300.21-billion puts India, which has attracted $35-billion of foreign fund flows in capital markets
alone this fiscal, in a select group of countries.

India's foreign exchange reserves had earlier touched $300-billion in March 2008, before the setting-in of the
global slowdown in September that year.

India’s FE Reserves as of 18th Nov are$ 332 Billion

India is followed by Brazil, South Korea, Hong Kong, Switzerland and others