Latest News
China's appetite for foreign exchange expands
Last Updated: 2018-03-20 08:22 | Xinhua
 Save  Print   E-mail

China's February deficit in foreign exchange transactions rose from the amount registered in January.

Forex purchases by banks stood at 124.2 billion U.S. dollars, while sales stood at 132.5 billion dollars in February, a transaction deficit of 8.2 billion dollars, up from 900 million dollars in January, according to the State Administration of Foreign Exchange (SAFE).

"Domestic forex supply and demand stood generally balanced last month," the SAFE said in a statement.

In the first two months, Chinese banks bought 279.8 billion dollars of foreign currency and sold 288.9 billion dollars.

Fluctuation in foreign exchange transactions is the main contributor to changes in China's foreign exchange reserves.

Reserves came in at 3.1 trillion dollars in February, down 27 billion dollars from January.

0
Share to 
Related Articles:
Most Popular
BACK TO TOP
Edition:
Chinese | BIG5 | Deutsch
Link:    
Xinhuanet | Chinadaily.com.cn | People's Daily Online | China.org.cn | CNTV | China.com | Global Times | Ecns.cn | China Youth International | Visit Beijing | Taiwan.cn
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved