Central banks report mixed June reserves as China’s hoard unexpectedly shrinks

Central banks across Asia, the Middle East, and Africa released their June 2026 foreign exchange reserve data on Tuesday, painting a mixed global picture shaped by dollar strength, currency interventions, and shifting capital flows.

Asian Reserves Largely Climb

Malaysia’s international reserves rose to US$132.6 billion as of June 30, approaching levels last seen in 2011 and representing the country’s highest reading in over a decade. Bank Negara Malaysia said the reserves position was sufficient to finance 4.7 months of imports. The increase was supported by a strengthening ringgit and higher foreign currency assets. nst.com.my moomoo.com klsescreener.com

Indonesia’s foreign exchange reserves rose to US$145.6 billion, reversing five consecutive months of decline, according to Bank Indonesia’s Tuesday statement. The central bank attributed the rebound to tax and services receipts that offset government external debt repayments and rupiah stabilization measures. tradingview.com bi.go.id

Singapore’s official foreign reserves stood at SGD 551.3 billion at end-June, up from SGD 548.6 billion in May, according to Monetary Authority of Singapore data. Hong Kong’s reserves held steady at US$445.9 billion, unchanged from the previous month, representing over five times the currency in circulation, the Hong Kong Monetary Authority reported. hkma.gov.hk info.gov.hk mas.gov.sg

In contrast, Taiwan’s reserves fell to US$597.15 billion from US$605.07 billion in May — dipping below the US$600 billion mark — after the central bank conducted net foreign exchange sales to limit appreciation of the Taiwan dollar. cbc.gov.tw investing.com

China’s Reserves Fall More Than Expected

China’s foreign exchange reserves dropped US$26 billion to US$3.416 trillion at end-June, down from a more-than-ten-year high of US$3.442 trillion in May, the People’s Bank of China reported Tuesday. The decline, which exceeded market expectations, came as the U.S. dollar strengthened against other major currencies, reducing the value of non-dollar assets held in reserves. english.news.cn morningstar.com hellenicshippingnews.com

Japan’s reserve assets also fell, declining US$18.4 billion to US$1.287 trillion at end-June, according to the Ministry of Finance. mof.go.jp

Interventions and Declines Elsewhere

Israel’s foreign exchange reserves edged up to a record US$238.699 billion at end-June, rising just US$18 million from May despite the Bank of Israel purchasing approximately US$1.027 billion in foreign currency during the month. The purchases, the second consecutive month of intervention following US$801 million bought in May, were conducted “specifically to maintain the orderly functioning of the markets,” the central bank said. calcalistech.com ynetnews.com timesofisrael.com boi.org.il

In South Africa, gross foreign exchange reserves declined to US$74.115 billion from US$76.58 billion, the lowest since November 2025, driven by a drop in the U.S. dollar gold price, valuation adjustments, and foreign exchange payments on behalf of the government, according to Reuters. zawya.com tradingview.com reuters.com