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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China sees no major forex withdrawal: regulator

Posted on 23 July 2013

Chinese banks bought less foreign exchanges than they sold in its bank-to-client forex transactions in June, registering a deficit of $400 milliondollars, latest data showed Monday.
It is the first such deficit since September, according to the State Administration of Foreign Exchange (SAFE). Bank-to-client foreign exchange transactions are a major source of fluctuation in China’s foreign exchange reserves………………………………………..Full Article: Source


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