Asia tops rankings for reserves coverage ratios

Asia leads across three main metrics, but the region may be moderating its holdings

Asian central banks have the highest levels of reserves adequacy across all the main metrics surveyed in Reserve Benchmarks 2020.

Asian central banks have an average of 7.3 months of import coverage (n=7). Their reserves are also enough to cover three times their short-term external debt, according to their reported Guidotti-Greenspan ratios. Furthermore, their ARA metrics average 1.4 – towards the upper end of what the International Monetary Fund considers a prudent level (anything from 1–1.5

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