China banks' forex purchase at 1.39T yuan

By Xinhua News Agency

Sep 20, 2023 12:14 am

BEIJING: China's commercial banks saw a net foreign exchange (forex) settlement deficit of 74.1 billion yuan (about $10.32 billion) in August, narrowing by 30 percent from a month ago, official data showed on Friday.

In yuan terms, forex purchases by banks stood at 1.39 trillion yuan, while sales reached about 1.46 trillion yuan, data from the State Administration of Foreign Exchange showed.

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