Forex reserves refer to a country's holdings of foreign currencies and gold.
China has the largest forex reserves in the world, with over $3.2 trillion as of 2021.
Japan has the second-largest forex reserves, with over $1.4 trillion as of 2021.
Switzerland has the third-largest forex reserves, with over $1 trillion as of 2021.
Russia has the fourth-largest forex reserves, with over $590 billion as of 2021.
India has the fifth-largest forex reserves, with over $590 billion as of 2021.
South Korea has the sixth-largest forex reserves, with over $450 billion as of 2021.
Brazil has the seventh-largest forex reserves, with over $360 billion as of 2021.
Taiwan has the eighth-largest forex reserves, with over $450 billion as of 2021.
Hong Kong has the ninth-largest forex reserves, with over $450 billion as of 2021.