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Chinese banks see net forex sales in September

2019-10-25 15:53

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BEIJING, Oct. 25 (Xinhua) -- Chinese commercial banks continued to see net foreign exchange sales last month but the volume has narrowed from that in August, data from the country's forex regulator showed Friday.

Chinese lenders bought 162.5 billion U.S. dollars worth of foreign currencies and sold 165.9 billion dollars worth last month, resulting in net sales of 3.4 billion dollars, the State Administration of Foreign Exchange (SAFE) said in a statement.

The data narrowed from the 5.4 billion dollars deficit seen in August.

In the first three quarters, the banks recorded a net forex sales of 48.2 billion dollars, the data showed.
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