Foreign Exchange Reserves Grow $6.3 - $584.75 Billion

However, in June 2021,

 it was reported that global foreign exchange reserves had increased by $6.3 billion to reach a total of $12.4 trillion, according to data from the International Monetary Fund (IMF).

It is important to note that foreign exchange reserves refer to the amount of foreign currency held by a country's central bank, typically in the form of government bonds, treasury bills, and other financial assets denominated in foreign currencies. These reserves are used to help stabilize a country's currency exchange rate and ensure that it has sufficient foreign currency to finance international trade and debt obligations

In terms of individual countries,

 China had the largest foreign exchange reserves, followed by Japan and Switzerland. The United States was not in the top ten, ranking at number 17. The IMF reported that the overall increase in global foreign exchange reserves was driven by higher valuations of euro and yen reserves, as well as a rise in holdings of other currencies