By the end of September 2022, my country’s foreign exchange reserves reached US$3,029 billion – Xinhua

Xinhua News Agency, Beijing, October 7 (Reporter Liu Kaixiong) According to data released by the State Ministry of Foreign Exchange on the 7th, at the end of September 2022, the scale of foreign exchange reserves of my country was 3,029 billion US dollars , a decrease of 25.9 billion US dollars or 0.85% from the end of August.

“As of September 2022, cross-border capital flows were broadly stable, and domestic foreign exchange supply and demand remained broadly balanced.” Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, introduced that in the international financial market, the US dollar index rose further, and global financial asset prices fell sharply. “The combined effect of factors such as exchange rate conversion and changes in asset prices led to a slight reduction in the size of foreign exchange reserves that month.”

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