This newspaper, Beijing, June 7 (Reporter Ge Mengchao) On the 7th, the reporter learned from the State Administration of Foreign Exchange: As of the end of May, my country’s foreign exchange reserves were 3,127.8 billion US dollars, an increase of 8.1 billion US dollars or 0.26% from the end of April.
Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, said that in May, my country’s foreign exchange market was generally stable, and domestic foreign exchange supply and demand remained basically balanced. In the international financial market, affected by the monetary policies and expectations of major countries, global economic growth prospects, geopolitical situation and other factors, the US dollar index fell slightly, and the prices of financial assets in major countries were mixed. The foreign exchange reserves are denominated in the US dollar, and the amount of non-US dollar currencies converted into US dollars increases. This is due to the combined effect of factors such as changes in asset prices. The scale of foreign exchange reserves increased in the month.
Wang Chunying said that my country has effectively coordinated epidemic prevention and control and economic and social development, and the fundamentals of the long-term economic improvement have not changed, and will support the overall stability of the scale of foreign exchange reserves.
[Editor in charge: Cao Jing]