Chinese banks log forex settlement surplus in first ten months-Xinhua

Chinese banks log forex settlement surplus in first ten months

Source: Xinhua

Editor: huaxia

2022-11-15 18:44:30

BEIJING, Nov. 15 (Xinhua) -- China's banks saw a net forex settlement surplus of 106.6 billion U.S. dollars in the first ten months, the country's forex regulator said Tuesday.

Forex purchases by banks stood at 2.1759 trillion dollars, while sales reached 2.0693 trillion dollars, data from the State Administration of Foreign Exchange showed.

In October alone, China's banks saw a net forex settlement deficit of 11.9 billion dollars. ■