Daily Management Review

Chinese banks’ net sales of foreign currency rise to $13.4bn in September


In September, China's commercial banks sold a net amount of foreign exchange of 96.4 billion yuan, or $13.43 billion.

This is stated in the report of the State Administration of Foreign Exchange Control (SAFE) of the country.

The figure presents a 30% increase above the August volume.

According to SAFE statistics, cited by the Xinhua news agency, financial institutions purchased currency totaling 1.27 trillion yuan last month, while sales were 1.37 trillion yuan.

Banks sold 0.26 billion yuan in foreign exchange on net between January and September.

source: english.news.cn