BEIJING, June 19 (Xinhua) -- China's business banks noticed a internet foreign exchange settlement surplus of 169.Three billion yuan (about 23.87
BEIJING, June 19 (Xinhua) — China’s business banks noticed a internet foreign exchange settlement surplus of 169.Three billion yuan (about 23.87 billion U.S. {dollars}) in Might, the nation’s foreign exchange regulator stated on Friday.
Foreign exchange purchases by banks stood at 1.08 trillion yuan final month, whereas gross sales got here in at 910.Three billion yuan, knowledge from the State Administration of Overseas Trade (SAFE) confirmed.
In breakdown, the quantity of foreign exchange settlement and gross sales by banks for purchasers stood at 977 billion yuan and 834.1 billion yuan respectively, with a settlement surplus of 142.9 billion yuan.
The quantity of international change settlement and gross sales for banks themselves stood at 102.6 billion yuan and 76.2 billion yuan respectively, with a settlement surplus of 26.four billion yuan.
Within the first 5 months, business banks noticed a internet foreign exchange settlement surplus of 547 billion yuan.
The foreign exchange market is principally balanced in provide and demand, stated Wang Chunying, SAFE spokesperson and chief economist.
The scale of international change reserves noticed a slight development to face at 3.1 trillion {dollars} on the finish of Might, a rise of 10.2 billion {dollars} from that on the finish of April, she stated. Enditem