Biz News Flash
Banks' $44.7b forex surplus
(China Daily)
Updated: 2011-05-26 13:49
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Chinese banks bought $129.8 billion of foreign currency for their clients in April, the State Administration of Foreign Exchange said on its website.
The banks sold $85.2 billion of foreign currency for clients that month, resulting in a forex surplus of $44.7 billion in the banks for April, according to the statement.
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