The Chinese yuan’s exchange rate has slipped by 1.7 per cent against the US dollar so far this year. Photo: Xinhua
The Chinese yuan’s exchange rate has slipped by 1.7 per cent against the US dollar so far this year. Photo: Xinhua

Coronavirus: China foreign exchange reserves drop to 17-month low as market turmoil pushes up US dollar

  • Central bank data showed on Tuesday that China’s foreign exchange reserves – the world’s largest – fell US$46.085 billion in March to US$3.061 trillion
  • The fall was due to changes in prices of financial assets held by China, such as foreign bonds, and fluctuations in exchange rates, authorities said

The Chinese yuan’s exchange rate has slipped by 1.7 per cent against the US dollar so far this year. Photo: Xinhua
The Chinese yuan’s exchange rate has slipped by 1.7 per cent against the US dollar so far this year. Photo: Xinhua
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