Currency reserves of China in December fell by a record $107,9 billion

Currency reserves of China in December fell by a record $107,9 billion


Prior to that in November the total foreign exchange reserves of the PRC decreased 87.2 billion to UAH 3,438 trillion, reported the people’s Bank of China.

BEIJING, 7 Jan. Total foreign exchange reserves of China fell during December on record 107,9 billion to $ 3,330 trillion, according to the official account of the people’s Bank of China social network Weibo.

The total volume of currency reserves of China have also decreased 87.2 billion to UAH 3,438 trillion. In turn, the volume reserve position of China in the IMF fell from 4,596 billion to $ 4,547 billion.

Earlier Thursday, were suspended from trading on Chinese stock exchanges before the end of the trading day after the key index tumbled 7%.

The index of Shanghai stock exchange Shanghai Composite Index fell by 7.3% and amounted to 3115,89 points, Shenzhen Shenzhen Composite Index fell by 6.77% to 1989,58 item.

In addition, China on Thursday downgraded 0.51% the value of the Renminbi to the dollar. The dollar was 6,5646 yuan — the lowest since August 2015, when the Bank of China has sharply weakened its currency to the U.S. dollar.