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SAFE: Banks' FX Settlement RMB1.67 trillion, FX Sales RMB1.42 trillion in May
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Data from the State Administration of Foreign Exchange (SAFE) showed that banks' foreign exchange settlement amounted to RMB1.67 trillion in May, while foreign exchange sales reached RMB1.42 trillion. In the first five months, banks' cumulative foreign exchange settlement totaled RMB8.76 trillion and cumulative foreign exchange sales amounted to RMB7.28 trillion. Calculated in USD terms, banks' foreign exchange settlement was USD243.9 billion and foreign exchange sales were USD208.1 billion in May. In the first five months, cumulative foreign exchange settlement reached USD1.27 trillion and cumulative foreign exchange sales totaled USD1.05 trillion. In May, banks' foreign-related receipts on behalf of clients amounted to RMB5.29 trillion, while payments to overseas reached RMB4.86 trillion. In the first five months, cumulative foreign-related receipts on behalf of clients totaled RMB26.33 trillion and cumulative overseas payments amounted to RMB24.88 trillion. In USD terms, banks' foreign-related receipts on behalf of clients were USD773.8 billion and overseas payments were USD711.2 billion in May. In the first five months, cumulative foreign-related receipts on behalf of clients reached USD3.81 trillion and cumulative overseas payments totaled USD3.6 trillion. (jl/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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