Q: The State Administration of Foreign Exchange has just announced the latestforeign exchange reservesScale data.Will cause2021year8What are the reasons for the change in the scale of monthly foreign exchange reserves? What is the future trend of the scale of foreign exchange reserves?
answer:As of the end of August 2021, my country’s foreign exchange reserves amounted to US$3.2321 billion, a decrease of US$3.8 billion or 0.12% from the end of July.
In August 2021, my country’s foreign exchange market will operate stably, and domestic foreign exchange supply and demand will be basically balanced.In the international financial market, affected by the progress of the new crown pneumonia epidemic, the financial andcurrencyAffected by policy expectations and other factors, the U.S. dollar index rose slightly, and the bond prices of major countries fell.Global stock marketThe overall increase. Foreign exchange reserves are denominated in U.S. dollars, and the amount of non-U.S. currencies converted into U.S. dollars decreases. Together with changes in asset prices and other factors, the scale of foreign exchange reserves decreased during the month.
At present, the new crown pneumonia epidemic is still raging around the world, the external environment is complicated, and the international financial market is highly volatile. However, my country has continued to consolidate and expand the results of epidemic prevention and control and economic and social development, the economy has maintained a stable recovery trend, and the quality of development has continued to improve, which is conducive to maintaining the overall stability of the scale of foreign exchange reserves.
(Source of the article: website of the Administration of Foreign Exchange)
Article source: Foreign Exchange Bureau website
Editor in charge: DF075
Original Title: Wang Chunying, Deputy Director and Spokesperson of the State Administration of Foreign Exchange, answered reporters’ questions on the changes in the scale of foreign exchange reserves in August 2021
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