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China: Banks registers net forex purchase
(MENAFN) Chinese banks witnessed net foreign exchange purchase last month, statistics from the country's forex controller revealed on Friday, January 22.
Chinese lenders bought USD253.7 billion worth of foreign currencies and sold USD187.1 billion worth in December, resulting in a net purchase of USD66.6 billion, the State Administration of Foreign Exchange stated in a report.
In 2020, the banks saw a net forex purchase of USD158.7 billion, the statistics revealed.
Chinese lenders bought USD253.7 billion worth of foreign currencies and sold USD187.1 billion worth in December, resulting in a net purchase of USD66.6 billion, the State Administration of Foreign Exchange stated in a report.
In 2020, the banks saw a net forex purchase of USD158.7 billion, the statistics revealed.
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