Assets of the world’s 10 largest central banks amount to $ 31 trillion

The assets of the ten largest central banks in the world amounted to 31 trillion dollars at the end of last August, taken by the American, Japanese and Chinese banks.
According to the monitoring unit of reports of the newspaper “Al-Eqtisadiah” based on data from the Sovereign Wealth Institute, the US Federal Reserve tops the list in terms of assets with $ 8.2 trillion, followed by the Bank of the United States. Japan with $ 6.5 trillion, and the People’s Bank of China with $ 5.1 trillion.
Fourth, the Bank of Germany with assets of $ 3.1 trillion, then the Banque de France with $ 2.1 trillion, and the Bank of Italy in sixth with $ 1.6 trillion.
The Bank of England comes in seventh with assets of $ 1.3 trillion, followed by the Bank of Spain $ 1.14 trillion, the Bank of Switzerland $ 1.13 trillion and the Central Bank of Brazil with assets of $ 721 billion.
The other four are the Central Bank of the Russian Federation, the Reserve Bank of India, the Central Bank of China (Taiwan) and the Bank of the Netherlands. The report does not include the European Central Bank, to make the comparison logical, as it represents more than one country.

Saudi Arabia is the 15th in the world

And the Saudi Arabian Central Bank occupied the 15th place among the largest central banks, with about 499.3 billion dollars (1,872.5 billion riyals).
The Saudi Central Bank’s ranking came after its assets grew 1.3 percent per month, equivalent to 23.5 billion riyals ($ 6.3 billion), from $ 493 billion (1848, 9 billion riyals).
Saudi Central Bank assets recorded at the end of August are the highest for 18 months, i.e. since February 2020, amounting to $ 505.1 billion (1,893.9 billion riyals).
The assets of the Saudi Central Bank include cash hedging (gold and foreign exchange), liquidity in the fund, deposits with banks abroad and investments in securities abroad, in addition to various other assets.
These assets allow central banks to play their role in managing their monetary policy and dealing with the exchange rate, and their importance in times of crisis appears to shield economies from hardship.

Economic reporting unit