First foreign currency deficit
By Louise Ho |
December 29, 2011, Thursday
|
Print Edition
Print Edition
CHINESE banks bought US$129 billion of foreign currencies for clients in November, up US$13.7 billion from October, the State Administration of Foreign Exchange said yesterday.
They sold US$130 billion for clients last month, an increase of US$17.6 billion, the highest this year, it said on its website.
It was the first deficit since the data was posted in 2010.
Over the first 11 months there was a surplus of US$383 billion in banks buying and settling foreign currencies.
They sold US$130 billion for clients last month, an increase of US$17.6 billion, the highest this year, it said on its website.
It was the first deficit since the data was posted in 2010.
Over the first 11 months there was a surplus of US$383 billion in banks buying and settling foreign currencies.
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