Chinese banks report forex settlement deficit in January-Xinhua

Chinese banks report forex settlement deficit in January

Source: Xinhua

Editor: huaxia

2024-02-23 17:59:45

BEIJING, Feb. 23 (Xinhua) -- China's commercial banks saw a net forex settlement deficit of 70.1 billion yuan (about 9.9 billion U.S. dollars) in January, official data showed on Friday.

In yuan terms, forex purchases by banks stood at 1.45 trillion yuan, while sales reached about 1.52 trillion yuan, data from the State Administration of Foreign Exchange showed. ■