• China’s foreign-exchange reserves drop by $93.9 billion in August

Market news

7 September 2015

China’s foreign-exchange reserves drop by $93.9 billion in August

According to data released by the People's Bank of China PBoC), China's foreign-exchange reserves declined by $93.9 billion to $3.56 trillion at the end of August, compared with $3.65 trillion in July. Currency reserves have been falling from $3.99 trillion in June 2014.

The recent decline is the result of the central bank's intervention to stop to stop the yuan fall and to limit capital outflows from the country.

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