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Forex purchases by central bank in decrease in April

The People's Bank of China, or the central bank, purchased foreign currencies with a net value of 84.589 billion yuan ($13.5 billion) in April, the lowest level since last July when the regulator bought 1.914 billion yuan of forex, according to Xinhua's calculations based on PBOC's data on Tuesday. PBOC's data showed that the position for PBOC's foreign-exchange purchase stood at 27.3 trillion yuan at the end of April, up from 27.2 trillion yuan at the end of March. According to PBOC's data released in May, the net foreign-exchange purchase by China's entire financial system, including the PBOC, hit an eight-month low of 116.9 billion yuan in April.

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