China fx reserves rise $11 billion to $3.128 trillion in December
Reuters
Published Jan 06, 2023 09:31PM ET
Updated Jan 06, 2023 09:45PM ET
BEIJING (Reuters) - China's foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.
The country's foreign exchange reserves - the world's largest - rose $11 billion to $3.128 trillion last month, compared with $3.154 trillion predicted by a Reuters poll of analysts and $3.117 trillion in November.
The yuan rose 2.8% against the dollar in December, while the dollar last month fell 2.3% against a basket of other major currencies.
China held 64.64 million fine troy ounces of gold at the end of December, down from end-November.
The value of China's gold reserves rose to $117.24 billion at the end of December from $111.65 billion at end-November.
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Written By: Reuters
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