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
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

Topic |   China economy
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
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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