A bank employee counts Chinese renminbi (RMB) banknotes next to US dollar banknotes at Kasikorn Bank in Bangkok, Thailand, on January 26, 2023. Reuters/Athit Perawongmetha/File Photo Obtaining license rights
SHANGHAI (Reuters) – China’s foreign exchange reserves fell more than expected in September, official data showed on Saturday, as the dollar strengthened against other major currencies.
China’s foreign exchange reserves, the world’s largest, fell by $45 billion to $3.115 trillion last month from $3.16 trillion in August, compared to the $3.13 trillion expected by analysts polled by Reuters.
The yuan depreciated by 0.5% against the dollar in September, while the dollar appreciated by 0.2% against a basket of other major currencies over the month.
China’s gold holdings totaled 70.46 million fine troy ounces at the end of September, up from 69.62 million ounces at the end of August.
China’s gold reserves fell from $135.22 billion at the end of August to $131.79 billion at the end of September.
Reporting by Albee Zhang, Zhang Yan, and Kevin Yao.Editing: Robert Barthel
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