Chinese language banks see internet foreign exchange gross sales in October – Xinhua

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Chinese language banks see internet foreign exchange gross sales in October – Xinhua

BEIJING, Nov. 19 (Xinhua) -- Chinese language business banks continued to see internet international alternate gross sales final month however wi


BEIJING, Nov. 19 (Xinhua) — Chinese language business banks continued to see internet international alternate gross sales final month however with a narrower deficit, knowledge from the nation’s foreign exchange regulator confirmed Tuesday.

Chinese language lenders purchased 138 billion U.S. {dollars} value of foreign currency echange and offered 142.Four billion {dollars} value in October, the State Administration of International Change (SAFE) mentioned in an announcement.

The studying resulted in internet gross sales of 4.Four billion {dollars}, narrowing from the common deficit seen within the first 9 months of the yr.

Within the first ten months, the banks recorded a internet foreign exchange gross sales of 52.6 billion {dollars}, the info confirmed.



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