China’s currency reserves increase unexpectedly

Baku. 7 December. REPORT.AZ/ China’s currency reserves unexpectedly increased in November, Report informs citing foreign media.

According to information, the increase was caused by 0.2% strength in the exchange rate of yuan last month. This was the first strength of yuan since March 2018. Increase of interest to national currency was caused by an expected meeting between US and Chinese presidents.

As of December 1, 2018, China’s currency reserves made up $3.062 trillion, up $9 billion from the previous month. Gold reserves rose from $71.968 billion to $72.122 billion.