BEIJING: China’s foreign exchange reserves fell more than expected in April, official data showed on Saturday.
The country’s foreign exchange reserves – the world’s largest – fell $68 billion to $3.12 trillion last month, compared with $3.133 trillion tipped a Reuters poll of analysts and $3.188 trillion in March.
The yuan fell 4% against the dollar in April, while the dollar rose 5% in April against a basket of other major currencies.
China held 62.64 million fine troy ounces of gold at the end of April, unchanged from 62.64 million ounces at the end-March.
The value of China’s gold reserves fell to $119.73 billion at the end of April from $121.66 billion at the end-March.