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Banks' $44.7b forex surplus

(China Daily)
Updated: 2011-05-26 13:49

Chinese banks bought $129.8 billion of foreign currency for their clients in April, the State Administration of Foreign Exchange said on its website.

The banks sold $85.2 billion of foreign currency for clients that month, resulting in a forex surplus of $44.7 billion in the banks for April, according to the statement.