China News Service, November 7th. According to the website of the State Administration of Foreign Exchange, talking about the changes in the scale of foreign exchange reserves in October 2021, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, pointed out that as of the end of October 2021, the scale of my country’s foreign exchange reserves It was 3217.6 billion U.S. dollars, an increase of 17 billion U.S. dollars from the end of September, an increase of 0.53%.
Wang Chunying said that in October 2021, the supply and demand of my country's foreign exchange market will remain stable, and cross-border revenue and expenditure transactions will be rational and orderly.
In the international financial market, affected by factors such as the progress of the new crown pneumonia epidemic, the fiscal policy and monetary policy expectations of major countries, the US dollar index fell slightly, and the prices of major countries’ financial assets were mixed.
Foreign exchange reserves are denominated in U.S. dollars. Under the combined effects of exchange rate conversion and asset price changes, the scale of foreign exchange reserves increased during the month.
"The current COVID-19 epidemic continues to recur, the global economic recovery is facing many unstable factors, and the international financial market is volatile. However, my country's economy continues to recover, with strong resilience and great potential, which will provide support for the overall stability of foreign exchange reserves. "Wang Chunying said.