Zhongxin Finance, May 7th. According to the official website of the State Administration of Foreign Exchange on the 7th, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said when answering a reporter's question about the changes in the scale of foreign exchange reserves in April 2022, as of the end of April 2022. , my country's foreign exchange reserves amounted to 3,119.7 billion US dollars, a decrease of 68.3 billion US dollars or 2.14% from the end of March.
Wang Chunying said that in April 2022, my country's cross-border funds will continue to have a net inflow, and the supply and demand in the domestic foreign exchange market will remain basically balanced.
In the international financial market, affected by factors such as monetary policy expectations of major countries, geopolitical situations, and the new crown pneumonia epidemic, the US dollar index rose sharply, and the prices of global financial assets fell significantly.
Foreign exchange reserves are denominated in the US dollar, and the amount of non-US dollar currencies converted into US dollars decreases. This is due to the combination of factors such as changes in asset prices.
Wang Chunying also said that the current external environment is complicated and uncertain, the world economic recovery is slowing down, and the international financial market is volatile.
However, my country's overall plan for epidemic prevention and control and economic and social development, strong economic resilience, sufficient potential, wide room for manoeuvre, and long-term positive fundamentals will not change, which is conducive to the overall stability of the scale of foreign exchange reserves.
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