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Malawi

Foreign Exchange Reserves

374.5
billion currency units
Source: IMF

Global Ranking

29
Benin453.4
30
United Arab Emirates437.71
31
Hong Kong419.2
32
South Korea414
33
Singapore399.43
34
Malawi374.5
35
Niger366.3
36
Morocco340.73
37
Brazil325.55
38
Togo317
39
Mauritius286.85

Africa Ranking

5
South Africa1078.62
6
Senegal936.8
7
Burundi551.75
8
Mali493.2
9
Benin453.4
10
Malawi374.5
11
Niger366.3
12
Morocco340.73
13
Togo317
14
Mauritius286.85
15
Zimbabwe280.74

Definition of Foreign Exchange Reserves

Foreign exchange reserves consist of foreign currency, deposits denominated in foreign currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank.

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