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Vws Xeeb
Apr 10, 2023 7:57AM ET
wow. intense stacker. a sign to come?
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China forex reserves rise to $3.18 trln in March
Published Apr 07, 2023 04:24AM ET
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration
BEIJING (Reuters) - China's foreign exchange reserves rose in March, official data showed on Friday, as the dollar fell against other major currencies.
The country's foreign exchange reserves - the world's largest - rose $51 billion to $3.184 trillion last month, compared with $3.149 trillion tipped by a Reuters poll of analysts and up from $3.133 trillion in February.
The yuan rose 0.86% against the dollar in March, while the dollar fell 2.3% against a basket of other major currencies.
China held 66.50 million fine troy ounces of gold at the end of March, up from 65.92 million at end-February.
The value of China's gold reserves rose to $131.65 billion at the end of March from $120.28 billion at end-February.
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Comments (3)
syedarshadullah hussaini
Apr 08, 2023 9:04AM ET
barter system
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Sumanlal kaneria
Apr 07, 2023 8:12AM ET
gold standard is coming
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Mike Argent
Apr 07, 2023 8:12AM ET
As it should ! The $ is losing ground as the world’s reserve currency. Although those politicians holding Chinese contracts in Yuan will be safe
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