China’s foreign exchange reserves, the largest in the world, increased by $28.7 billion (+0.85%) in February compared to the previous month and amounted to $3.428 trillion, according to a statement by the People’s Bank of China.
The reserves reached their highest level since November 2015.
The US dollar rose 0.51% against a basket of major world currencies last month. The yuan rose 1.35% against the US currency.
Gold reserves in China rose for the sixteenth consecutive month in February, to 74.22 million ounces from 74.19 million ounces in January. In value terms, gold reserves rose to $387.59 billion from $369.58 billion at the end of January.
