At the end of July, the scale of foreign reserves rose 1.07% official: Foreign exchange supply and demand is basically balanced

Zhongxin Jingwei, August 7th. According to the website of the National Foreign Exchange Bureau on the 7th, as of the end of July 2022, the scale of foreign exchange reserves in my country was US $ 310.41 billion, an increase of 32.8 billion US dollars from the end of June, an increase of 1.07%.

Screenshot of the central bank website

Regarding the changes in the scale of foreign exchange reserves in July 2022, Wang Chunying, deputy director and spokesman of the State Administration of Foreign Exchange, said that as of the end of July 2022, 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 pointed out that in July 2022, 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 the same time, Wang Chunying emphasized that the current 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. (Zhongxin Jingwei APP)

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