Chinese banks log forex settlement deficit in Q1
Xinhua |
Updated: 2023-04-21 14:06
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BEIJING - China's banks saw a net forex settlement deficit of $15.3 billion in the first quarter, the country's forex regulator said Friday.
Forex purchases by banks stood at $546 billion, while sales reached $561.3 billion, data from the State Administration of Foreign Exchange showed.
In March alone, China's banks saw a net forex settlement deficit of $15.9 billion.
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