China’s reserves continued decline in foreign currency

Walid AliLast Update : Saturday 7 January 2017 - 5:05 PM
China’s reserves continued decline in foreign currency

China’s reserves continued decline in foreign currency

Mo4ch News : It dropped China’s foreign exchange reserves for the sixth consecutive month in December to its lowest level since the beginning of 2011, but the cohesion above the critical level, which has a $ 3 Trillions, at a time when the authorities intervened to support the yuan before taking President-elect Donald Trump’s office. The central bank data showed on Saturday that the reserve fell slightly less than expected, which is $ 41 billion last month to 3.011 trillion dollars, in the wake of the decline amounted to 69.06 trillion dollars in November.

Economists polled by “Reuters” were expecting falling reserves of $ 51 billion to US $ 3.001 trillion.

Source : Rebounds

China’s reserves fell about $ 320 billion in 2016 after landing a record $ 513 billion in 2015.

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Walid Ali