Economy

China's forex reserves reach $2.45 trillion

(Xinhua)
Updated: 2010-07-11 13:15

BEIJING - China's foreign exchange reserves reached $2.4543 trillion by the end of June, up 15.1 percent year on year, the People's Bank of China, the central bank announced on Sunday.

Statistics from the central bank show China's foreign exchange reserves increased by $7.2 billion in the second quarter, a drastic decrease compared to the first quarter, when reserves grew by $126.5 billion.

On a monthly basis, reserves increased by $43.4 billion in April followed by a reduction of $51 billion in May, while June saw reserves increase by $14.8 billion.

China's gold reserves stood at 33.89 million ounces at the end of June.