State Foreign Exchange Reserves Reached USD1.95t
[2009-01-16 16:07:33]
The financial statistics recently issued by People's Bank of China indicated that in 2008, currency credit loan reasonably increased, the financial system operated steadily and currency value of Renminbi was basically stabilized.
As of the end of December 2008, the balance of the state foreign exchange reserves stood at USD1.95t, up by 27.34% year-on-year. The state foreign exchange reserves increased by USD417.8b throughout the year, decreasing by USD44.1b year-on-year.
Source: www.chinabidding.org
Keywords:Foreign Exchange
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