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<h1>Foreign exchange reserves at USD 406.1bn; composition, movements, risk framework and disclosure practices summarised.</h1> The report discloses aggregate foreign exchange reserves at USD 406.1 billion (FCA USD 380.7b, gold USD 21.4b, SDR USD 1.5b, RTP USD 2.5b), monthly movements driven by market operations, investment income and valuation effects, and a valuation gain in April-December 2017. It summarises sources of accretion, forward positions, international investment position, reserve adequacy metrics, FCA deployment across securities/central bank deposits/commercial bank deposits, and sets out objectives, legal authority, and a risk management framework covering credit, market (currency, interest, gold), liquidity and operational risks together with transparency practices.