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China’s foreign exchange reserves have grown for the first time since July

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China’s foreign exchange reserves have grown for the first time since July
December 11
09:00 2018

China’s foreign exchange reserves soared at the end of November by $ 8.6 billion. The last time such an increase was observed in mid-summer. It should be noted that this fact became a complete surprise for most experts.

According to the Central Bank of China, at the moment, the amount of reserves is 3 trillion 61.7 billion US dollars. In October, the figure was $ 3 trillion 53.1 billion US dollars.

Analysts predicted that the figure would continue to fall, up to the level of 3 trillion 44 billion US dollars. However, the yuan has risen by 0.2%, which contributed to the growth of the country’s foreign exchange reserves.

Compared to November last year, the reserves have decreased by 1.8%.

The gold reserves of the PRC have also increased, at the moment it the estimated at 72.1 billion US dollars.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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