China Records Foreign Exchange Settlement Surplus in November

China: China recorded a foreign exchange settlement surplus of USD 15.7 billion in November, official data showed. The State Administration of Foreign Exchange reported that banks settled USD 209.5 billion in foreign currency during the month, while sales reached USD 193.8 billion.

According to Bahrain News Agency, from January to November, total bank settlements amounted to about USD 2.28 trillion, compared with sales of around USD 2.18 trillion. Cross-border receipts and payments by non-banking sectors stood at USD 654.5 billion and USD 636.7 billion in November, respectively.

Over the first 11 months of the year, the figures reached approximately USD 7.15 trillion in receipts and USD 6.96 trillion in payments.