China Dec forex reserves drop biggest on record – PBOC

By FXStreet FXStreet (Mumbai) – According to the data published by PBOC and reported by Reuters on Thursday, China’s foreign exchange reserves, the world’s largest, fell $107.9 billion in December to $3.33 trillion, the biggest monthly drop on record.

China’s foreign exchange reserves fell $512.66 billion in 2015, the biggest annual drop on record.

The value of its gold reserves stood at $60.19 billion at the end of December, up from $59.52 billion at the end of November.

Gold reserves stood at 56.66 million fine troy ounces at the end of December, up from 56.05 million at end-November.
For more information, read our latest forex news. …read more

Source:: FX Street