Economy

Proserpina

(2,352 posts)

14. China PBOC Reports Record Monthly FX Reserves Drop In Dec

Fri Jan 8, 2016, 08:07 AM

Jan 2016

https://mninews.marketnews.com/content/china-pboc-reports-record-monthly-fx-reserves-drop-dec

China's foreign exchange reserves fell by $107.92 billion in December, the biggest monthly drop on record, data from the People's Bank of China released Thursday showed.

For the whole year of 2015, China's foreign exchange reserves were down by $512.66 billion, also the largest recorded annual decline.

The PBOC has been using its huge foreign exchange reserves for intervention in the foreign exchange market to defend the yuan's value since the effective devaluation on Aug 11 last year.

The forex reserves fell heavily, down by $93.9 billion in August, following by another $43.3 billion drop in September. There was a modest increase of $11.4 billion in October and a hefty decline of $87.2 billion in November.

There has been concerns that the PBOC's intervention in the interbank forex market could soon deplete the country's huge foreign exchange reserves, which stood at $3.33 trillion through the end of December...

Edit history

Please sign in to view edit histories.

33 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Friday, 8 January 2016 [View all] Tansy_Gold Jan 2016 OP

Yee Haw! Warpy Jan 2016 #1

China shuts down stock market circuit breaker Proserpina Jan 2016 #10

China PBOC Reports Record Monthly FX Reserves Drop In Dec Proserpina Jan 2016 #14

China’s Contradictory Aims, Greater International Role Vs Domestic Economic Control, Hit Breaking Pt Proserpina Jan 2016 #19

Oil Plunges to $32-Handle, Chinese Stocks Crash and are Halted, Whiff of Mayhem Breaks out by Wolf Proserpina Jan 2016 #2

Oil's Big Bang: Saudis Mull IPO of World's Biggest Producer Proserpina Jan 2016 #5

Global Corporate Debt is Coming Unglued by Wolf Richter Proserpina Jan 2016 #3

Wall Street Promotion Logjam Endures With Fleming Latest to Exit Proserpina Jan 2016 #4

S&P 500 Companies Spend Almost All Profits on Buybacks Proserpina Jan 2016 #6

Iceland Explores Tobin Tax to Protect It From Carry Trade Risks Proserpina Jan 2016 #7

Saudi Devaluation Odds Highest In 20 Years, Kingdom Now More Likely To Default Than Portugal Proserpina Jan 2016 #8

World Bank issues 'perfect storm' warning for 2016 Proserpina Jan 2016 #9

Fed leans on big balance sheet to soften rate hike impact Proserpina Jan 2016 #11

Brazil government underestimated crisis: Rousseff Proserpina Jan 2016 #12

GE signs deals of $157 billion as part of GE Capital divestment Proserpina Jan 2016 #13

Money markets pricing in 50 percent chance of ECB rate cut in March Proserpina Jan 2016 #15

Opinion: Obama’s last big wish — another Supreme Court appointment Proserpina Jan 2016 #16

Pipe Dream Punx Jan 2016 #28

U.S. stock futures: Dow eyes triple-digit gain after China ends higher Proserpina Jan 2016 #17

RETIREMENT: Defined benefit plans earn higher returns than defined contribution plans Proserpina Jan 2016 #18

and more $$$ for Wall Street! nt antigop Jan 2016 #24

Wait. So THAT’S what the bailouts were about? October 2014 Proserpina Jan 2016 #20

Is Your Dentist Ripping You Off? Proserpina Jan 2016 #21

Karl Denninger Market Ticker update via Twitter DemReadingDU Jan 2016 #22

The rest of DU is just getting worse! Proserpina Jan 2016 #23

I think Camp Weathervane is getting desperate. jmo nt antigop Jan 2016 #25

They ought to be; they earned it, fair and square. Proserpina Jan 2016 #26

I just talked to a friend of mine, who writes articles for Op-Ed News. Fuddnik Jan 2016 #29

Thanks, Fudd. Will do. nt antigop Jan 2016 #32

How Venezuela Got No Dollars From $65 Billion Bond Sales Proserpina Jan 2016 #27

What happened to that "triple digit bounce" we were supposed to see today? Fuddnik Jan 2016 #30

Oooops. Down triple digits now. Fuddnik Jan 2016 #31

PPT Fail Punx Jan 2016 #33