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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01458286: Fifteen and Saudi Arabia (DS10)

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This document is an economic analysis examining central bank reserve developments over the past fifteen years, with particular focus on large oil exporters including Saudi Arabia and Russia as major contributors to global reserves. The document includes charts and data showing reserve percentages across various countries and regions in Asia, Europe, and the Middle East.

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Excerpt 1
Our starting point in forecasting reserve developments is to identify the sources of reserves built up in the past **fifteen** years.
Excerpt 2
Large oil exporters account for 10% of central bank reserves, with **Saudi** **Arabia** and Russia the main contributors.
Excerpt 3
global central bank reserves in Asia 12 Switzerland USD trn 100% Switzerland Turkey Turkey 90% Russia Russia 10 Mexico 80% Mexico Brazil 70% Brazil 8 **Saudi**

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