China commercial banks sell net $54.5 billion of forex in July – FX regulator

BEIJING, Aug 15 (Reuters) – China’s commercial banks sold a net $54.5 billion of foreign exchange in July, compared with a net sale of $34.9 billion in June, the foreign exchange regulator said on Thursday.

{For the January to July period, net forex sales stood at $168.2 billion ,} the State Administration of Foreign Exchange said in a statement on its website.

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