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ECONOMY

China Central Bank Foreign-Currency Sales Rise in June

By Fran Wang and Li Yuqian
The People’s Bank of China sold 34.3 billion yuan ($5.1 billion) worth of foreign currency to banks in June, the first time the figure has increased in seven months. Photo: IC
The People’s Bank of China sold 34.3 billion yuan ($5.1 billion) worth of foreign currency to banks in June, the first time the figure has increased in seven months. Photo: IC

(Beijing) — Foreign-exchange sales by China’s central bank, a number that helps investors gauge capital flows and pressure on the yuan, rose in June for the first time since November.

The People’s Bank of China (PBOC) sold 34.3 billion yuan ($5.1 billion) worth of foreign currency to banks in June, up from sales of 29.3 billion yuan in May, marking the first time the figure has increased in seven months.

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