All articles tagged with #forex reserves
China's foreign exchange reserves, the world's largest, dropped by $45 billion to $3.115 trillion in September, falling more than expected as the US dollar strengthened against other major currencies. The yuan depreciated by 0.5% against the dollar, while the dollar gained 0.2% against a basket of other major currencies. China's gold reserves increased slightly to 70.46 million fine troy ounces.
Pakistan's Prime Minister Shehbaz Sharif seeks a meeting with IMF managing director Kristalina Georgieva at the Paris summit to revive the stalled $1.2-billion tranche to the cash-starved country. The IMF has rejected Pakistan's request to lower the requirement of arranging $6 billion in new loans, leaving the government with no alternative but to try and revive the deal. Currently, Pakistan's forex reserves stand at less than $4 billion, barely enough to cover less than a month's imports.
China's foreign exchange reserves, the world's largest, rose to $3.205 trillion in April, beating analysts' expectations of $3.192 trillion, due to the dollar's fall against other major currencies. The country's gold reserves also increased to 66.76 million fine troy ounces, valued at $132.35 billion at the end of April.