BUSINESS
China’s $3 TRILLION foreign exchange reserves continue to grow
BUSINESS

China’s $3 TRILLION foreign exchange reserves continue to grow

Published: July 7, 2020  |  1 min read, 211 words
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Beijing has continued increasing its foreign exchange reserves – already the world’s largest – adding $10.64 billion in June to its $3.112 trillion, central bank data showed on Tuesday.The figure is less than the $3.120 trillion expected by economists who were polled by Reuters. The bullion reserves stayed unchanged from the end of May, at 62.64 million fine troy ounces. The value of gold holdings rose to $110.76 billion at the end of June from $108.29 billion at the end of May.The increase in foreign exchange reserves was due to the strengthening of the yuan and the global asset prices... READ MORE
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