yuan funds used for foreign exchange continues to fall
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Yuan funds used for foreign exchange continues to fall

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Yuan funds used for foreign exchange continues to fall

Yaun.
Beijing - XINHUA

China's central bank saw its yuan funds used for foreign exchange fall 191.9 billion yuan (28.8 billion U.S. dollars) to 23.2 trillion yuan in August, official data showed Wednesday.

The drop, more than the 190.5 billion-yuan fall in July and the 97.7 billion yuan in June, was the 10th consecutive monthly decline.

As the Chinese currency is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by China's trade surplus and foreign investment in the country, adding funds to the money market.

Such funds are an important indicator of foreign capital flows in and out of China, as well as domestic yuan liquidity.

Concerns about capital outflows have been on the rise due to stronger market expectations for a U.S. rate hike, putting the Chinese currency under pressure.

The yuan weakened by 1.06 percent against a basket of currencies in August, according to data from the China Foreign Exchange Trade System.

Source : XINHUA

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

yuan funds used for foreign exchange continues to fall yuan funds used for foreign exchange continues to fall

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

yuan funds used for foreign exchange continues to fall yuan funds used for foreign exchange continues to fall

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more

GMT 01:20 2012 Friday ,02 March

Egypt's 18 days of revolution

GMT 08:57 2015 Tuesday ,29 September

Congolese 'Nzango' dances into sporting big-time

GMT 14:20 2017 Wednesday ,09 August

A Wiki way to fight fake news

GMT 23:47 2012 Thursday ,28 June

Ex-NASA astronauts aim to launch asteroid tracker

GMT 10:35 2015 Thursday ,19 March

South Korean bank to aid Myanmar IT project

GMT 01:36 2014 Wednesday ,08 October

World Bank CFO gives up bonus after uproar

GMT 03:30 2015 Friday ,27 February

Agricultural bank cancels 90% of farmers' interests

GMT 10:29 2012 Saturday ,03 March

Re-entering politics after previous boycotts

GMT 05:40 2012 Thursday ,19 April

Pirates go top after sharing derby spoils

GMT 08:34 2014 Sunday ,23 November

Zamalek training sessions cancelled due to clashes
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday