World's Largest Reserves Surpass Analysts' Expectations
The world's largest foreign exchange reserves, belonging to China, rose by $51 billion to a total of $3.184 trillion in March. This exceeded the $3.149 trillion predicted by a Reuters poll of analysts and marked an increase from February's $3.133 trillion.
Yuan and Dollar Experience Fluctuations in March
In March, the yuan appreciated by 0.86% against the US dollar. Meanwhile, the dollar experienced a 2.3% decline in value compared to a basket of other major currencies.
China's Gold Reserves Show Steady Growth
At the end of March, China held 66.50 million fine troy ounces of gold, up from the 65.92 million recorded at the end of February. Consequently, the value of China's gold reserves increased to $131.65 billion at the end of March, compared to $120.28 billion at the end of the previous month.
