China's Foreign Exchange Administration said Thursday that the bank's balance of settlement and sale of foreign exchange in March was $6.1 billion, and the balance narrowed sharply in March. From January to March, the accumulated balance of settlement and sale of foreign exchange was 9.1 billion US dollars.
According to a press release provided by SAFE at its new conference, the balance of foreign receipts and payments of bank agents in March was US$2.3 billion, while that of bank agents in January-March was US$54.2 billion.
The data show that in March, the net forward settlement of bank escorts amounted to RMB 122.5 billion. As of the end of this month, the accumulated net unmatured foreign exchange sales in the forward period amounted to RMB 305.7 billion, and the net exposure of the unmatured option Delta to RMB 202.1 billion.
SAFE had previously announced that the bank's balance of settlement and sale of foreign exchange in February was $15 billion, compared with a surplus of $12.1 billion last month. If taken together, the average monthly deficit between January and February was $1.5 billion, which was 87% narrower than the average monthly level in the second half of 2018.
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