China’s foreign exchange reserves rise to $3.1 trillion

foreign exchange reserves China, the world’s largest, earned $11 billion to $3.128 trillion last month, compared with the $3.154 trillion expected by a Archyde.com poll of analysts and $3.117 trillion in November.

The yuan rose 2.8 percent against the dollar in December, while the dollar fell 2.3 percent last month against a basket of other major currencies.

Possession reached China from gold 64.64 million ounces at the end of December compared to 63.67 million at the end of November.

The value of China’s gold reserves rose to $117.24 billion at the end of December, from $111.65 billion at the end of November.

After declining 7.9 percent against the dollar in 2022, the Chinese yuan reached its highest level in more than four months against the dollar on the first trading day during the new year on January 3, supported by investor optimism that the domestic economic recovery would start earlier than expected. .

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and elevation foreign exchange reserves China, the world’s largest, earned $11 billion to $3.128 trillion last month, compared with the $3.154 trillion expected by a Archyde.com poll of analysts and $3.117 trillion in November.

The yuan rose 2.8 percent against the dollar in December, while the dollar fell 2.3 percent last month against a basket of other major currencies.

Possession reached China from gold 64.64 million ounces at the end of December compared to 63.67 million at the end of November.

The value of China’s gold reserves rose to $117.24 billion at the end of December, from $111.65 billion at the end of November.

After declining 7.9 percent against the dollar in 2022, the Chinese yuan reached its highest level in more than four months against the dollar on the first trading day during the new year on January 3, supported by investor optimism that the domestic economic recovery would start earlier than expected. .

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