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China has the largest forex reserves in the world -- here's how other countries measure up AP Images Forex reserves can help a country buoy local currency or even provide insurance in the case of a national economic emergency. China tops other countries in foreign reserves with $3.2 trillion held. The dollar and the euro are the most common reserve currencies used in international transactions, so the US and EU don't need to hold a lot of reserves. In the high stakes game of international trade, holding onto a stockpile of foreign cash gives you options. Forex reserves can help buoy t...
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