The State Administration of Foreign Exchange of China announced that the country's foreign exchange reserves reached 3.2 billion dollars at the end of October this year, which shows a decrease of 553.31 billion dollars or 1.67% compared to the end of September.
Publish dateMonday 11 November 2024 - 12:41
According to Amac News: Citing Xinhua news agency, this department said in a statement that last month, the US dollar index increased and the price of global financial assets decreased.
The statement said that due to the combined effects of factors such as currency translation and changes in asset prices, China's foreign exchange reserves decreased in October.
However, the aforementioned administration emphasized that China is implementing a series of policies to strengthen the economic growth process and contribute to the overall stability of foreign exchange reserves.
The statement said that due to the combined effects of factors such as currency translation and changes in asset prices, China's foreign exchange reserves decreased in October.
However, the aforementioned administration emphasized that China is implementing a series of policies to strengthen the economic growth process and contribute to the overall stability of foreign exchange reserves.
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Source : news agency wam
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