Currency reserves of China in May fell to a minimum since October last year

In May this year, China's foreign exchange reserves fell by 0.5% compared with April to 3 trillion 110 billion 620 million dollars, the People's Bank of China said. The currency reserves of the PRC continued to decline and in May fell to a minimum since October 2017. Analysts had predicted an even greater decline in reserves - up to 3 trillion 106.5 billion dollars. In May, the national currency of China showed the most significant drop since November 2016. The Yuan has fallen in price against the US dollar by 1.2%. China's gold reserves in May fell in value terms to 73 billion 739 million dollars from 77 billion 788 million dollars in April.

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