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PBOC says FX reserves down $18.79 billion in September, most in 4 months

Investing.com -

Investing.com - The People's Bank of China said Friday that foreign-exchange reserves fell $18.79 billion in September to $3.166 trillion - the biggest monthly drop in four months.

China's reserves, the world's largest, have now dropped for three straight months, down $15.89 billion in August and $4.11 billion in July.

The central bank also said gold reserves rose to 59.11 million troy ounces at the end of September - up from 58.95 million at the end of August. It was the fourth consecutive month of gold-reserve increases.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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