China's foreign exchange reserves rose to a 7-month high in March

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Сhina's foreign exchange reserves at the end of March increased by $8 billion 580 million compared to the previous month, the People's Bank of China said. According to experts, the growth of reserves was not expected. The volume of foreign exchange reserves of China, the largest in the world, reached 3 trillion 99 billion yuan, marking an increase for the fifth consecutive month. At the same time, the growth of gold reserves in the country was insignificant. Last month they increased by 360 thousand ounces, reaching 60 million 620 thousand ounces. Their value has fallen to 78 billion 525 million dollars from the February level of 79 billion 498 million dollars. Since the beginning of 2019, the yuan has risen in price against the US dollar by more than 2%, in March its value decreased by 0.3%.

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