By Aduragbemi Omiyale The external reserves of Nigeria may soon begin to make a steady journey northwards without looking back when the country fully commences the local production of bitumen. The country has about 42.74 billion metric tonnes (MT) of bitumen untapped and a significant amount of foreign exchange (FX) is
India overtakes Russia in FX reserves
At $580.3 bn, India has the 4th largest foreign exchange reserves in the world, after China, Japan and Switzerland
Mudit Kapoor | March 16, 2021 | Updated 16:04 IST
At $580.3 bn, India has the 4th largest foreign exchange reserves in the world, after China, Japan and Switzerland. It surpassed Russia whose reserves stood at $580.1 bn on March 14. India s reserves are sufficient to cover 18 months of imports.