Currency reserves of PRC in April fell to a minimum for 5 months

China’s foreign exchange reserves, which are the largest in the world, declined in April by 0.6% from March to 3 trillion 124 billion 850 million dollars, which is the minimum figure for 5 months, according to the data of the People’s Bank of China. The decline is mainly due to the strengthening of the US dollar to most of the world’s currencies. Last month, the dollar against the yuan increased by 1.1%. According to experts, a more moderate decline in the country’s foreign exchange reserves was expected – up to $3 trillion 131 billion. China’s gold reserves in value terms in April fell to 77.8 billion dollars from 78.4 billion dollars a month earlier.

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