© Reuters. FILE PHOTO: US dollar and euro banknotes are shown in this illustration taken on July 17, 2022. REUTERS/Dado Rovik/Illustration
BEIJING (Reuters) – Official data showed on Friday that China’s foreign exchange reserves rose in March as the dollar fell against other major currencies.
The country’s foreign exchange reserves – the largest in the world – rose by $51 billion to $3.184 trillion last month, compared to $3.149 trillion according to a Reuters poll of analysts and up from $3.133 trillion in February.
The yuan rose 0.86% against the dollar in March, while the dollar fell 2.3% against a basket of other major currencies.
China had 66.50 million ounces of gold at the end of March, up from 65.92 million at the end of February.
The value of China’s gold reserves rose to $131.65 billion at the end of March from $120.28 billion at the end of February.
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