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China Foreign Exchange Reserves Rise $11 Billion to $3.128 Trillion In December

admin-augaf by admin-augaf
January 7, 2023
in Business, Finance, International
Reading Time: 1 min read
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China Foreign Exchange Reserves Rise $11 Billion to $3.128 Trillion In December
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Beijing January 7 2023: China's foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.

The country's foreign exchange reserves - the world's largest - rose $11 billion to $3.128 trillion last month.

The yuan rose 2.8% against the dollar in December, while the dollar last month fell 2.3% against a basket of other major currencies .


China held 64.64 million fine troy ounces of gold at the end of December, down from end-November.

The value of China's gold reserves rose to $117.24 billion at the end of December from $111.65 billion at end-November.


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