China FX Reserves Fall $512.66 Bln in 2015, Biggest Annual Drop on Record

January 7, 2016 Share Print 0

China’s foreign exchange reserves, the world’s largest, fell $107.9 billion in December to $3.33 trillion, the biggest monthly drop on record, central bank data showed on Thursday.

The December figure missed market expectations of $3.40 trillion, according to a Reuters poll.

China’s foreign exchange reserves fell $512.66 billion in 2015, the biggest annual drop on record.

The value of its gold reserves stood at $60.19 billion at the end of December, up from $59.52 billion at the end of November, the People’s Bank of China said on its website.

Gold reserves stood at 56.66 million fine troy ounces at the end of December, up from 56.05 million at end-November.

CNBC

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Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.