Currency Composition of Official Foreign Exchange Reserves (COFER)

(In millions of U.S. dollars)

Annual Quarters
1995 1996* 1997 1998 1999
I II III IV

All countries
Total foreign exchange holdings 1,389,639 1,566,151 1,616,167 1,643,867 1,606,621 1,646,691 1,713,344 1,781,466
Allocated reserves 1/ 1,034,175 1,224,464 1,271,982 1,282,406 1,240,099 1,274,238 1,323,980 1,378,620
Claims in U.S. dollars 610,337 760,071 828,887 888,724 881,704 918,067 935,417 978,562
Claims in pounds sterling 21,874 32,883 32,856 34,142 34,015 35,574 37,029 39,827
Claims in Deutsche mark 163,088 179,916 184,349 176,951 ... ... ... ...
Claims in French francs 24,361 22,638 18,314 20,814 ... ... ... ...
Claims in Japanese yen 70,071 82,307 73,487 80,029 74,774 71,674 82,726 87,939
Claims in Swiss francs 3,464 3,705 4,435 4,237 3,571 3,093 3,194 3,172
Claims in Netherlands guilder 3,306 2,935 4,461 3,489 ... ... ... ...
Claims in ECUs 88,288 86,837 77,322 16,637 ... ... ... ...
Claims in euros ... ... ... ... 224,936 223,854 242,702 246,950
Claims in other currencies 49,387 53,172 47,871 57,383 21,101 21,977 22,911 22,168
Unallocated reserves 2/ 355,465 341,688 344,185 361,461 366,522 372,453 389,363 402,846

Industrial countries

Total foreign exchange holdings 657,618 723,866 706,235 674,166 642,277 656,618 696,475 726,113
Allocated reserves 1/ 649,813 706,528 689,473 664,428 641,156 655,186 694,579 721,303
Claims in U.S. dollars 340,337 405,453 407,620 449,378 458,915 475,245 500,965 528,404
Claims in pounds sterling 13,592 14,668 13,662 13,965 13,744 14,078 14,702 15,675
Claims in Deutsche mark 107,548 112,468 111,465 88,846 ... ... ... ...
Claims in French francs 15,232 12,234 6,081 7,739 ... ... ... ...
Claims in Japanese yen 43,300 40,153 40,437 45,702 41,661 40,193 45,951 47,993
Claims in Swiss francs 889 682 1,015 1,018 806 459 458 512
Claims in Netherlands guilder 1,483 1,155 1,460 1,283 ... ... ... ...
Claims in ECUs 88,116 86,655 76,931 15,333 ... ... ... ...
Claims in euros ... ... ... ... 114,816 114,080 120,078 117,761
Claims in other currencies 39,318 33,061 30,801 41,162 11,215 11,129 12,425 10,957
Unallocated reserves 2/ 7,804 17,337 16,762 9,738 1,120 1,433 1,896 4,810

Developing countries
Total foreign exchange holdings 732,022 842,286 909,932 969,702 964,345 990,073 1,016,868 1,055,353
Allocated reserves 1/ 384,361 517,935 582,509 617,978 598,943 619,053 629,401 657,317
Claims in U.S. dollars 270,000 354,618 421,267 439,346 422,789 442,822 434,452 450,158
Claims in pounds sterling 8,282 18,215 19,194 20,177 20,270 21,495 22,328 24,152
Claims in Deutsche mark 55,539 67,448 72,884 88,105 ... ... ... ...
Claims in French francs 9,129 10,404 12,233 13,075 ... ... ... ...
Claims in Japanese yen 26,771 42,155 33,050 34,328 33,113 31,481 36,775 39,946
Claims in Swiss francs 2,574 3,023 3,420 3,218 2,765 2,633 2,735 2,660
Claims in Netherlands guilder 1,824 1,780 3,001 2,206 ... ... ... ...
Claims in ECUs 172 182 391 1,304 ... ... ... ...
Claims in euros ... ... ... ... 110,120 109,774 122,625 129,190
Claims in other currencies 10,070 20,110 17,070 16,221 9,886 10,848 10,486 11,211
Unallocated reserves 2/ 347,660 324,351 327,423 351,723 365,402 371,020 387,467 398,036
 -2-

Currency Composition of Official Foreign Exchange Reserves (COFER) (continued)

(In millions of U.S. dollars)

Quarters
2000 2001
I II III IV I II III IV

All countries
Total foreign exchange holdings 1,808,656 1,853,070 1,874,668 1,936,570 1,932,046 1,934,529 2,028,261 2,050,064
Allocated reserves 1/ 1,399,846 1,441,278 1,465,110 1,517,374 1,506,924 1,509,787 1,581,008 1,568,849
Claims in U.S. dollars 999,723 1,037,241 1,058,579 1,078,992 1,089,408 1,097,394 1,128,597 1,121,791
Claims in pounds sterling 40,923 39,789 39,999 41,798 41,849 40,013 41,590 42,401
Claims in Deutsche mark ... ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ... ...
Claims in Japanese yen 88,759 86,467 94,180 92,078 83,110 80,913 85,447 79,190
Claims in Swiss francs 3,590 2,925 3,279 4,087 4,131 3,967 4,150 4,372
Claims in Netherlands guilder ... ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ... ...
Claims in euros 245,173 252,549 248,757 277,693 266,965 266,335 298,986 301,026
Claims in other currencies 21,677 22,306 20,316 22,726 21,461 21,165 22,239 20,069
Unallocated reserves 2/ 408,811 411,792 409,558 419,196 425,122 424,742 447,253 481,215

Industrial countries

Total foreign exchange holdings 724,922 756,330 759,998 783,171 758,956 752,585 793,879 789,427
Allocated reserves 1/ 724,372 756,096 759,681 780,403 758,348 750,281 792,932 788,318
Claims in U.S. dollars 535,549 563,832 563,478 565,639 559,045 552,706 572,410 570,976
Claims in pounds sterling 15,910 15,742 15,832 15,959 15,716 14,750 15,184 15,053
Claims in Deutsche mark ... ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ... ...
Claims in Japanese yen 48,176 47,371 50,240 49,371 44,564 45,092 46,844 43,445
Claims in Swiss francs 1,752 1,194 1,598 1,934 2,442 2,306 2,766 2,422
Claims in Netherlands guilder ... ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ... ...
Claims in euros 111,067 115,840 117,302 134,353 123,927 123,778 142,800 143,849
Claims in other currencies 11,918 12,117 11,232 13,148 12,655 11,650 12,929 12,574
Unallocated reserves 2/ 550 233 317 2,768 608 2,304 947 1,109

Developing countries

Total foreign exchange holdings 1,083,735 1,096,740 1,114,670 1,153,399 1,173,090 1,181,943 1,234,383 1,260,637
Allocated reserves 1/ 675,474 685,181 705,429 736,971 748,576 759,505 788,076 780,531
Claims in U.S. dollars 464,175 473,410 495,100 513,353 530,363 544,688 556,188 550,815
Claims in pounds sterling 25,013 24,047 24,167 25,839 26,134 25,263 26,406 27,348
Claims in Deutsche mark ... ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ... ...
Claims in Japanese yen 40,584 39,096 43,941 42,707 38,546 35,821 38,603 35,745
Claims in Swiss francs 1,838 1,731 1,681 2,153 1,689 1,661 1,384 1,949
Claims in Netherlands guilder ... ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ... ...
Claims in euros 134,106 136,709 131,455 143,340 143,038 142,557 156,186 157,177
Claims in other currencies 9,759 10,189 9,084 9,579 8,806 9,515 9,309 7,495
Unallocated reserves 2/ 408,261 411,559 409,241 416,428 424,514 422,438 446,307 480,107
 -3-

Currency Composition of Official Foreign Exchange Reserves (COFER) (continued)

(In millions of U.S. dollars)

Quarters
2002 2003
I II III IV I II III IV

All countries
Total foreign exchange holdings 2,082,246 2,237,514 2,307,980 2,408,619 2,502,079 2,669,200 2,832,600 3,025,701
Allocated reserves 1/ 1,575,999 1,689,871 1,741,077 1,795,447 1,844,954 1,962,483 2,059,712 2,221,773
Claims in U.S. dollars 1,128,533 1,167,589 1,184,847 1,204,205 1,236,054 1,310,150 1,383,098 1,464,420
Claims in pounds sterling 42,133 46,140 48,659 50,537 46,678 49,724 49,974 61,655
Claims in Deutsche mark ... ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ... ...
Claims in Japanese yen 69,125 79,847 79,498 78,145 71,976 70,588 79,012 87,608
Claims in Swiss francs 5,362 5,622 5,998 7,314 4,437 4,080 4,669 5,016
Claims in Netherlands guilder ... ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ... ...
Claims in euros 310,064 364,280 393,034 427,327 455,218 492,816 506,361 559,241
Claims in other currencies 20,781 26,393 29,042 27,919 30,590 35,124 36,598 43,833
Unallocated reserves 2/ 506,247 547,642 566,902 613,172 657,126 706,717 772,888 803,927

Industrial countries

Total foreign exchange holdings 790,462 853,674 882,661 905,573 915,404 983,139 1,045,465 1,121,070
Allocated reserves 1/ 789,044 851,899 881,607 903,242 914,098 981,016 1,043,916 1,118,408
Claims in U.S. dollars 571,979 596,980 614,610 618,223 630,602 673,551 729,736 783,799
Claims in pounds sterling 15,137 16,835 18,336 19,116 16,570 17,037 15,996 17,176
Claims in Deutsche mark ... ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ... ...
Claims in Japanese yen 33,720 39,400 38,953 38,847 36,213 35,527 43,204 42,677
Claims in Swiss francs 3,472 4,155 4,542 5,253 2,303 2,030 2,535 2,713
Claims in Netherlands guilder ... ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ... ...
Claims in euros 151,970 178,909 188,000 205,786 210,723 232,730 231,926 249,977
Claims in other currencies 12,766 15,621 17,167 16,017 17,686 20,141 20,518 22,066
Unallocated reserves 2/ 1,418 1,775 1,054 2,331 1,306 2,122 1,549 2,662

Developing countries

Total foreign exchange holdings 1,291,784 1,383,840 1,425,318 1,503,046 1,586,675 1,686,061 1,787,135 1,904,631
Allocated reserves 1/ 786,954 837,972 859,470 892,206 930,856 981,466 1,015,796 1,103,365
Claims in U.S. dollars 556,554 570,609 570,237 585,982 605,452 636,599 653,363 680,621
Claims in pounds sterling 26,996 29,305 30,324 31,421 30,107 32,688 33,978 44,479
Claims in Deutsche mark ... ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ... ...
Claims in Japanese yen 35,406 40,447 40,545 39,298 35,763 35,061 35,808 44,931
Claims in Swiss francs 1,890 1,468 1,455 2,061 2,134 2,050 2,134 2,303
Claims in Netherlands guilder ... ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ... ...
Claims in euros 158,094 185,371 205,034 221,541 244,495 260,086 274,434 309,264
Claims in other currencies 8,015 10,772 11,876 11,902 12,905 14,983 16,080 21,767
Unallocated reserves 2/ 504,830 545,868 565,848 610,840 655,819 704,595 771,339 801,266
 -4-

Currency Composition of Official Foreign Exchange Reserves (COFER) (continued)

(In millions of U.S. dollars)

Quarters
2004 2005
I II III IV I II III IV

All countries
Total foreign exchange holdings 3,296,417 3,341,201 3,440,438 3,748,730 3,857,593 3,947,676 4,055,201 4,174,991
Allocated reserves 1/ 2,425,688 2,424,575 2,473,364 2,651,031 2,688,405 2,722,613 2,755,852 2,838,019
Claims in U.S. dollars 1,637,662 1,644,456 1,664,826 1,747,194 1,759,539 1,800,735 1,829,304 1,897,613
Claims in pounds sterling 65,534 66,208 75,968 89,457 95,738 94,767 99,277 102,234
Claims in Deutsche mark ... ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ... ...
Claims in Japanese yen 97,049 93,553 88,872 101,787 104,864 102,499 104,498 101,769
Claims in Swiss francs 5,464 5,711 4,178 4,419 4,578 3,633 3,988 4,144
Claims in Netherlands guilder ... ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ... ...
Claims in euros 572,629 569,077 592,061 658,498 675,401 674,673 670,538 683,548
Claims in other currencies 47,351 45,570 47,460 49,677 48,285 46,306 48,246 48,712
Unallocated reserves 2/ 870,729 916,626 967,074 1,097,699 1,169,187 1,225,063 1,299,349 1,336,972

Industrial countries

Total foreign exchange holdings 1,271,273 1,259,119 1,271,429 1,318,343 1,304,467 1,297,241 1,285,788 1,295,046
Allocated reserves 1/ 1,270,032 1,257,624 1,269,712 1,315,115 1,302,490 1,294,520 1,283,045 1,291,213
Claims in U.S. dollars 931,972 926,746 926,975 935,234 934,750 949,001 938,827 946,133
Claims in pounds sterling 16,662 18,141 23,744 24,994 27,361 26,905 26,927 27,451
Claims in Deutsche mark ... ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ... ...
Claims in Japanese yen 45,526 42,459 41,951 46,850 43,409 43,121 44,159 44,197
Claims in Swiss francs 2,995 3,292 1,627 1,739 2,245 1,671 1,817 1,775
Claims in Netherlands guilder ... ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ... ...
Claims in euros 249,192 243,920 251,326 277,976 268,092 249,980 248,050 250,285
Claims in other currencies 23,686 23,066 24,088 28,323 26,633 23,843 23,264 21,373
Unallocated reserves 2/ 1,240 1,495 1,717 3,228 1,976 2,722 2,743 3,832

Developing countries

Total foreign exchange holdings 2,025,144 2,082,082 2,169,009 2,430,387 2,553,126 2,650,435 2,769,413 2,879,946
Allocated reserves 1/ 1,155,655 1,166,951 1,203,653 1,335,916 1,385,915 1,428,094 1,472,806 1,546,806
Claims in U.S. dollars 705,689 717,710 737,851 811,961 824,789 851,734 890,477 951,480
Claims in pounds sterling 48,872 48,068 52,223 64,463 68,377 67,862 72,350 74,783
Claims in Deutsche mark ... ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ... ...
Claims in Japanese yen 51,524 51,094 46,921 54,937 61,455 59,379 60,339 57,572
Claims in Swiss francs 2,469 2,419 2,551 2,680 2,333 1,962 2,171 2,369
Claims in Netherlands guilder ... ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ... ...
Claims in euros 323,437 325,157 340,735 380,523 407,309 424,693 422,488 433,262
Claims in other currencies 23,665 22,503 23,372 21,354 21,652 22,463 24,982 27,339
Unallocated reserves 2/ 869,489 915,131 965,356 1,094,471 1,167,211 1,222,341 1,296,607 1,333,140
 -5-

Currency Composition of Official Foreign Exchange Reserves (COFER) (concluded)

(In millions of U.S. dollars)

Quarters
2006 2007
I II III IVp Ip IIp IIIp

All countries
Total foreign exchange holdings 4,358,122 4,586,915 4,749,926 5,037,088 5,362,981 5,719,819 6,037,142
Allocated reserves 1/ 2,930,782 3,027,756 3,130,715 3,309,851 3,465,306 3,664,624 3,834,501
Claims in U.S. dollars 1,947,802 2,001,007 2,081,278 2,166,841 2,252,406 2,380,677 2,445,180
Claims in pounds sterling 115,838 126,887 132,285 145,180 155,274 170,294 182,124
Claims in Deutsche mark ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ...
Claims in Japanese yen 97,363 94,442 93,646 101,712 102,429 101,766 104,654
Claims in Swiss francs 4,711 4,457 4,933 5,644 6,022 5,816 6,405
Claims in Netherlands guilder ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ...
Claims in euros 719,888 750,022 765,374 830,851 880,800 933,464 1,013,572
Claims in other currencies 45,180 50,941 53,199 59,623 68,375 72,608 82,566
Unallocated reserves 2/ 1,427,339 1,559,160 1,619,211 1,727,237 1,897,675 2,055,195 2,202,641

Industrial countries

Total foreign exchange holdings 1,296,140 1,326,141 1,351,772 1,395,248 1,420,238 1,440,120 1,478,270
Allocated reserves 1/ 1,292,584 1,322,056 1,347,592 1,390,682 1,416,268 1,436,018 1,473,254
Claims in U.S. dollars 951,127 958,297 981,070 995,748 1,015,046 1,025,715 1,028,855
Claims in pounds sterling 27,206 30,903 31,567 35,380 36,470 39,916 43,134
Claims in Deutsche mark ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ...
Claims in Japanese yen 45,061 46,899 47,496 49,063 45,770 44,663 45,902
Claims in Swiss francs 2,592 2,548 2,673 2,972 3,134 3,094 3,313
Claims in Netherlands guilder ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ...
Claims in euros 251,005 266,820 268,009 288,068 296,002 301,521 327,783
Claims in other currencies 15,592 16,589 16,777 19,450 19,846 21,109 24,268
Unallocated reserves 2/ 3,556 4,085 4,180 4,566 3,969 4,101 5,016

Developing countries

Total foreign exchange holdings 3,061,982 3,260,774 3,398,153 3,641,840 3,942,744 4,279,700 4,558,872
Allocated reserves 1/ 1,638,198 1,705,699 1,783,122 1,919,170 2,049,038 2,228,606 2,361,247
Claims in U.S. dollars 996,675 1,042,709 1,100,208 1,171,093 1,237,360 1,354,961 1,416,325
Claims in pounds sterling 88,632 95,984 100,718 109,799 118,803 130,378 138,990
Claims in Deutsche mark ... ... ... ... ... ... ...
Claims in French francs ... ... ... ... ... ... ...
Claims in Japanese yen 52,302 47,543 46,150 52,648 56,660 57,103 58,752
Claims in Swiss francs 2,118 1,909 2,260 2,672 2,888 2,722 3,092
Claims in Netherlands guilder ... ... ... ... ... ... ...
Claims in ECUs ... ... ... ... ... ... ...
Claims in euros 468,883 483,202 497,365 542,783 584,798 631,943 685,790
Claims in other currencies 29,588 34,352 36,421 40,173 48,529 51,499 58,298
Unallocated reserves 2/ 1,423,784 1,555,075 1,615,031 1,722,671 1,893,706 2,051,093 2,197,625

Source: IMF Statistics Department COFER database

Note: In the data above, one country has been reclassified from the developing countries group to the industrial countries group
to reflect a recent change in country classification by International Financial Statistics .

* Countries with sizable reserves either joined (began reporting) the sample or left (stopped reporting) the
sample.
p = Preliminary
(...) Not applicable.

1/ This line shows reserves data, whose currency composition has been identified.
2/ This line is the difference between total foreign exchange reserves and the allocated reserves.