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Chinese banks report net forex purchase in December

Xinhua

Updated: 2022-01-21 14:25

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A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily]

BEIJING - Chinese banks saw net foreign exchange purchase last month, data from the country's forex regulator showed Friday.

Chinese lenders bought $279.7 billion worth of foreign currencies and sold $233.7 billion worth in December, resulting in a net purchase of $46 billion, the State Administration of Foreign Exchange said in a statement.

In 2021, the banks recorded a net forex purchase of $267.6 billion, the data showed.

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