Wednesday, 21 August 2019 07:51 GMT
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Net forex sales by Chinese banks




(MENAFN) Data from the country's forex regulator showed on Thursday that, Chinese commercial banks reported net foreign exchange sales last month, following a settlement surplus in May.


The State Administration of Foreign Exchange said in a statement that, Chinese lenders purchased USD142.3 billion worth of foreign currencies as selling USD161.6 billion worth previous month, resulting in net sales of 19.3 billion dollars.


The data also showed that, in the first half of the year, the banks recorded total net forex sales of USD33.2 billion.

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Net forex sales by Chinese banks

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