BEIJING, Dec. 20 (Xinhua) -- China's business banks posted a web foreign exchange settlement deficit of 39.6 billion yuan, or 5.6 billion U.S. {d
BEIJING, Dec. 20 (Xinhua) — China’s business banks posted a web foreign exchange settlement deficit of 39.6 billion yuan, or 5.6 billion U.S. {dollars}, in November, the nation’s foreign exchange regulator mentioned Friday.
The studying expanded from a deficit of 31.1 billion yuan registered in October, in line with the State Administration of International Change (SAFE).
Foreign exchange purchases by banks stood at 1.04 trillion yuan final month, whereas gross sales reached about 1.08 trillion yuan.
The info led to a foreign exchange settlement deficit of 399.9 billion yuan for the primary eleven months of the yr, in line with the SAFE.