State Administration of Foreign Exchange: At the end of July, the scale of foreign exchange reserves in my country was 3104.1 billion US dollars

According to the latest data from the State Administration of Foreign Exchange, at the end of July, the scale of foreign exchange reserves in my country was 310.41 billion US dollars, an increase of 32.8 billion US dollars from the end of June, an increase of 1.07%.

Wang Chunying, deputy director and spokesman of the State Administration of Foreign Exchange, said that in July, my country's foreign exchange market was generally stable, and domestic foreign exchange supply and demand was basically balanced.In the international financial market, affected by factors such as monetary policy, economic growth prospects, and inflation expectations in major countries, the US dollar index rose, and global major financial asset prices rose overall.Factors such as exchange rate converts and asset price changes have comprehensive effects, and the scale of foreign exchange reserves in the month has increased.

At present, the global economic situation is full of challenges, unstable and uncertain factors have increased significantly, and the international financial market has great volatility.However, my country's efficient coordinating epidemic prevention and control and economic and social development. It has strong economic toughness, great potential, and dynamic. The long -term good fundamentals will not change. It will continue to support the scale of foreign exchange reserves to maintain overall stability.

(Source: CCTV News Client)

【Edit: Yao Hao】

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