Arab Today, arab today chinese banks continue net forex purchases
Last Updated : GMT 04:07:18
Arab Today, arab today
Arab Today, arab today

Chinese banks continue net forex purchases

Arab Today, arab today

Arab Today, arab today Chinese banks continue net forex purchases

Chinese banks
Beijing - XINHUA

Chinese banks bought more foreign currency than they sold in May, the 10th consecutive month of net foreign exchange purchases, China's forex regulator said on Monday.
Chinese lenders bought 141.9 billion U.S. dollars' worth of foreign currency in May and sold 137.9 billion U.S. dollars' worth, resulting in a net buy of 3.9 billion U.S. dollars, the State Administration of Foreign Exchange (SAFE) said in a statement.
The run of net forex purchases began in August 2013, but the surplus has been narrowing, down from 9.7 billion U.S. dollars in April, 40.2 billion U.S. dollars in March, 45.7 billion U.S. dollars in February and 73.3 billion U.S. dollars in January.
In the first five months of 2014, Chinese banks bought 809.2 billion U.S. dollars in foreign currency and sold 636.3 billion U.S. dollars, bringing the net purchase volume to 172.9 billion U.S. dollars, according to the SAFE statement.
Forex transactions are a major cause of fluctuations in China's forex reserves. Surpluses may suggest pressure from trans-border capital inflow.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese banks continue net forex purchases Arab Today, arab today chinese banks continue net forex purchases

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese banks continue net forex purchases Arab Today, arab today chinese banks continue net forex purchases

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday