Intellifive - Better use of huge foreign exchange reserves    Foreign exchange reserves are foreign currency deposits and bonds held by central banks and monetary authorities, but also includes foreign exchange and gold, SDRs and IMF reserve positions. In a flexible exchange rate system, official international reserve assets allow a central bank to purchase the domestic currency to stabilize the value of the domestic currency if need arises. China tops the list with nearly $2.5 trillion, Japan with $ 1 trillion, Euro zone - $ 700 billion, Russia - $ 450 billion, Taiwan - £ 350 billion, while Brazil, South Korea, India, Hong Kong and Switzerland have in excess of $ 250 billion. Other than the risk of foreign currency devaluation against their own currency, it is also a huge risk to hold such large reserves in fewer asset classes such as US government federal bonds. How can such large reserves to better use and to stimulate jobs and income?