Chinese language banks see web foreign exchange gross sales in September – Xinhua

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Chinese language banks see web foreign exchange gross sales in September – Xinhua

BEIJING, Oct. 25 (Xinhua) -- Chinese language industrial banks continued to see web international trade gross sales final month however the quant


BEIJING, Oct. 25 (Xinhua) — Chinese language industrial banks continued to see web international trade gross sales final month however the quantity has narrowed from that in August, information from the nation’s foreign exchange regulator confirmed Friday.

Chinese language lenders purchased 162.5 billion U.S. {dollars} value of foreign currency echange and offered 165.9 billion {dollars} value final month, leading to web gross sales of three.four billion {dollars}, the State Administration of Overseas Change (SAFE) stated in a press release.

The info narrowed from the 5.four billion {dollars} deficit seen in August.

Within the first three quarters, the banks recorded a web foreign exchange gross sales of 48.2 billion {dollars}, the info confirmed.



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