Beijing, May 7 (BNA): Official data showed today, Sunday, that China’s foreign exchange reserves rose more than expected in April, with the dollar declining against other major currencies.
The country’s foreign exchange reserves – the largest in the world – rose by $21 billion to $3.205 trillion last month, compared to $3.192 trillion according to a Reuters poll of analysts and $3.184 trillion in March.
The yuan fell 0.63% against the dollar in April, while last month the dollar fell 0.94% against a basket of other major currencies.
China held 66.76 million ounces of gold at the end of April, up from 66.50 million ounces at the end of March.
The value of China’s gold reserves rose to $132.35 billion at the end of April from $131.65 billion at the end of March.
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