Chinese banks log forex settlement surplus in May
Xinhua |
Updated: 2023-06-15 18:44
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BEIJING - China's banks saw a net forex settlement surplus of $3.3 billion in May, the country's forex regulator said on Thursday.
Forex purchases by banks totaled $199.3 billion last month, and sales reached $196 billion, data from the State Administration of Foreign Exchange shows.
During the first five months, forex purchases by banks came in at $932.2 billion, and sales totaled $938.7 billion.
