Fun fact, in 2023, the top five countries generating significant income from managing their foreign reserves are:
China – With the largest foreign reserves in the world, approximately $3.45 trillion, China continues to generate considerable income from its investments, including U.S. Treasury securities and global assets.
Japan – Japan holds the second-largest foreign reserves, over $1 trillion, primarily invested in bonds and other secure financial instruments.
Switzerland – The Swiss National Bank manages around $850 billion in reserves, with a portion invested in global equities and bonds, contributing significantly to its income.
India – India's foreign reserves are around $588 billion. Its central bank invests a significant portion in foreign assets, including government bonds and gold, generating income.
United States – Though the U.S. doesn’t often come to mind for foreign reserves, its holdings (approximately $239 billion) contribute to its global financial strategy and income generation.
Singapore is in the top 15 at around $337 billion in foreign reserves,