China’s foreign exchange reserves rise by $11 billion to $3.128 trillion in December | Pro IQRA News

China’s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.

The country’s foreign reserves – the world’s largest – rose by $11 billion to $3.128 trillion last month, compared with $3.154 trillion forecast by a Reuters poll of analysts and $3.117 trillion in November.

The yuan rose 2.8% against the dollar in December, while last month the dollar fell 2.3% against a basket of other major currencies.

China held 64.64 million fine troy ounces of gold at the end of December, down from the end of November. The value of China’s gold reserves rose to $117.24 billion at the end of December from $111.65 billion at the end of November.