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China Dec forex reserves drop biggest on record - PBOC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - According to the data published by PBOC and reported by Reuters on Thursday, China’s foreign exchange reserves, the world's largest, fell $107.9 billion in December to $3.33 trillion, the biggest monthly drop on record.

    China's foreign exchange reserves fell $512.66 billion in 2015, the biggest annual drop on record.

    The value of its gold reserves stood at $60.19 billion at the end of December, up from $59.52 billion at the end of November.

    Gold reserves stood at 56.66 million fine troy ounces at the end of December, up from 56.05 million at end-November.
    For more information, read our latest forex news.

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