During the past 10 years, at least, I have been following the growth of International Reserves. The first graph I elaborated to show their growth was back in 1999 and it was based on IMF data up to 1997. Recently, I have been updating the graph using Alex Tanzi´s numbers. Alex works at Bloomberg and from time to time, Doug Noland at www.prudentbear.com quotes his numbers regarding International Reserves, excluding gold.
As of August 2008, as you can see from the graph, according to Alex Tanzi International Reserves were growing at the explosive annual rate of 26.5%. Suddenly, since August, Reserves have stopped growing.
