China Foreign Exchange Reserves at $1.954 TRILLION

Posted: April 12, 2009 in bailout, Bank Negara, China, China central bank, China Foreign Exchange, Malaysia, Malaysian Economics
Tags:

Malaysia hear this….

China’s central bank says its foreign exchange reserves rose 16 percent year-on-year to $1.954 trillion by the end of March.

In a notice on its Web site Saturday the bank said reserves increased by $7.7 billion in the first quarter, $146.2 billion lower than the same period last year.

Analysts believe China holds up to 70 percent of its foreign reserves in U.S. dollar-denominated assets, including Treasury securities.

In March, the reserves increased by $41.7 billion, an increase $6.7 billion more than the same period last year.

Hey, hey! What have you got to say?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s