China’s foreign currency reserves rose to US$ 3.143t

BEIJING (APP): China’s foreign currency reserves rose US$ 8.34 billion from a month earlier to US$ 3.1428 trillion at the end of March, the People’s Bank of China (PBOC) said Sunday.

The market had widely expected China’s foreign currency reserves to be 3.146 trillion dollars.

The increase in March reversed a slight decline seen in February 2018. Previously, the reserves gained for 12 consecutive months between February 2017 and January 2018.

According to the PBOC data, China’s gold reserves in March remained unchanged at 59.24 million ounces, with a higher value of 78.42 billion US dollars, up from 78.06 billion US dollars in February.