Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Chinese banks acquire net USD18.5b FX in Nov  Join our daily free Newsletter

MENAFN - 24/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) China's State Administration of Foreign Exchange (SAFE) stated that the country's banks acquired USD18.5 billion in foreign exchange (FX) in over-the-counter deals in November, reported Reuters.

SAFE said that the figure is compared with October's net purchase of USD7.8 billion.

China's forex regulator added that banks made net foreign exchange purchases of USD56.3 billion in the January-November period.

In November, Chinese banks were also net buyers of USD5.4 billion in the forwards market.

It is worth noting that at the end of September, China's foreign exchange reserves stood at USD3.29 trillion, ranking the country as the world's largest holder of foreign reserves.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help