due to the Great Recession, the second fall in 2015 was due to falling oil prices. India The Foreign-exchange reserves of India are the fourth largest. On 4 June 2021 reserves exceeded $600 billion for the first time and they became the fifth country after Switzerland to do so. During the 1991 Indian economic crisis country only had $5 billion of reserves left which led to subsequent economic liberalisation. Since then the reserves have seen a 127 times increase over 30 years. Currency composition of foreign exchange reserves IMF releases the quarterly data on the currency composition of official foreign exchange reserves. The data are reported to the IMF on a voluntary and confidential basis. As of Q4 2016, there are 146 reporters, consisting of IMF member countries, a number of non-member countries/economies, and other entities holding foreign exchange reserves. From Q4 2016, the data was expanded to include renminbi (RMB). Monetary gold is not covered in COFER but included in reserved assets, a broader scope than that of COFER. See also List of countries by foreign-exchange reserves (excluding gold) List of circulating currencies Notes References External links IMF's Data Template on International Reserves and Foreign Currency Liquidity -- Reporting Countries IMF's SDDS subscribers with links to their websites containing data on international reserves Central bank and monetary authority websites at the Bank for International Settlements website Lists of countries Lists of countries by economic indicator Foreign exchange reserves