Skip to main content
No. of Recommendations: 2
http://biz.yahoo.com/ap/060704/china_foreign_reserves.html?.v=1

Report: China's Currency Reserves Grow

Tuesday July 4, 11:50 pm ET

Report: China's Foreign Currency Reserves Grow to $925 Billion, Largest in World

BEIJING (AP) -- China's foreign currency reserves, already the world's largest, grew to US$925 billion (euro725 billion) at the end of May, a financial newspaper affiliated with the central bank said Wednesday.

Reserves rose by US$19.9 billion in April and US$30 billion in May, the Financial News said.

China's foreign reserves have mounted steadily as Beijing buys dollars and other foreign currencies in an effort to control the value of its currency, the yuan, amid an export-driven influx of foreign money.

In its last quarterly report, the central bank said China's foreign reserves totaled US$875.1 billion at the end of March.
Print the post Back To Top
No. of Recommendations: 1
Jeez, when is your bed time?

Fuskie
Who is in no position to be pointing fingers...
Print the post Back To Top
No. of Recommendations: 2
Hi Fuskie,

Remember that I am on the west coast, so it was actually 8:45 PM when I posted that. ;)

Best,

David K
Print the post Back To Top
No. of Recommendations: 1
that and it IS summertime.... and we are on a board run by someone who still has the summers off!
Print the post Back To Top
No. of Recommendations: 1
that and it IS summertime.... and we are on a board run by someone who still has the summers off!

Oh yea, lucky devil.

Fuskie
Who is currently on his first paid vacation in 3 years...
Print the post Back To Top