FOREX

Chinese forex market turnover falls in January – MENAFN.COM


(MENAFN) According to official figures, Chinese foreign exchange (forex) market registered a turnover of 18.46 trillion yuan (around USD2.85 trillion) last month.

The State Administration of Foreign Exchange said that the number dropped from around USD3,4 trillion in December last year.

In particular, the turnover of forex transactions between banks and their clients reached a total amount of around USD480 billion in the past month, whereas that of interbank forex transactions came in at around USD2,3 trillion.

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