28th
May
2010
External Assets
External assets is just another term for international reserves, external assets consist of foreign currency deposits and also the bonds that are kept by central banks and other financial institutions. One website named the Global Finance came up with the list of the ten countries with the highest international reserves account, with China leading the pack. China made an amazing leap from just about 18 billion US dollars two decades ago then just ten years ago it grew to more or less 146 billion US dollars.
But recently China made it to 2.3 trillion US dollars making them number one.
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