Currency trading between Chinese currency renminbi and foreign currencies in China's onshore foreign-exchange market fell 14.8 percent by value in April compared with the previous month, according to Xinhua's calculations based on official data released on Friday.
According to the State Administration of Foreign Exchange, transactions in trading renminbi, also known as the yuan, for foreign currencies amounted to 1.2977 trillion U.S. dollars last month, down from 1.5229 trillion US dollars in March. The calculations cover trading both in the interbank market and in the bank-to-client market.
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