The reporter learned from the State Administration of Foreign Exchange on the 7th: As of the end of March, my country's foreign exchange reserves were 3.170 billion U.S. dollars, a decrease of 35 billion U.S. dollars or 1.09% from the end of February.
What caused the change in the scale of foreign exchange reserves in March? Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that in March, my country's foreign exchange market was operating stably and foreign exchange supply and demand were basically balanced. In the international financial market, affected by factors such as the new crown pneumonia epidemic and vaccine progress, fiscal policies and monetary policy expectations of major countries, the US dollar index has risen, the bond prices of major countries have fallen, and global stock markets have generally risen. Due to the combined effect of exchange rate conversion and asset price changes, the scale of foreign exchange reserves decreased during the month.
"Looking forward, the overseas epidemic situation is still complex and severe, and the global economic recovery and the international financial market are still facing many uncertain and unstable factors. However, my country's domestic economic development momentum continues to increase, and positive factors have increased significantly, which is conducive to maintaining the basic stability of foreign exchange reserves. "Wang Chunying said.
Source: People's Daily
