These are the countries with the largest foreign reserves

The reserves in foreign exchange of the six countries of the Gulf Cooperation Council have risen to the highest level questyear, up 1.3% last June, reaching $ 664.9 billion.

And data from the Gulf Statistics Center reported today, Sunday, that the total capital reserves of the countries of the region rose last June from 656.7 billion dollars the previous May.

The ranking of the countries of the region in terms of volume of foreign business globally ranks fifth after China, Japan, Switzerland and the European Union.

China posted $ 3.363 trillion, followed by Japan $ 1.373 trillion, Switzerland $ 1.085 trillion and the European Union $ 1.033 trillion.

India was ranked sixth after the Gulf States with total assets of $ 611 billion, then Russia with $ 592 billion, and Taiwan with $ 549 billion.

Reserve assets in foreign currency include equity investments in gold, special drawing rights, reserves with the International Monetary Fund, foreign currency, deposits and investments in securities abroad.

At the level of the countries in the region, Saudi Arabia acquired the largest share of total foreign assets in June, at 67.1 percent, or $ 445.9 billion.

In second place the United Arab Emirates with 16.7%, equal to 110.8 billion dollars, while the rest of the other four countries represented 16.2% of the total.

Kuwait’s foreign assets recorded $ 45.6 billion, Qatar 40.9 billion, Oman 17.5 billion and finally Bahrain $ 4.1 billion.