Beijing May 7 2023: China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies.
The country’s foreign exchange reserves – the world’s largest – rose $21 billion to $3.205 trillion last month, compared with $3.192 trillion tipped by a Reuters poll of analysts and $3.184 trillion in March.
The yuan fell 0.63% against the dollar in April, while the dollar last month fell 0.94% against a basket of other major currencies.
China held 66.76 million fine troy ounces of gold at the end of April, rising from 66.50 million ounces at end-March.
The value of China’s gold reserves rose to $132.35 billion at the end of April from $131.65 billion at the end-March.
Source:
Reuters
