Thursday, December 10, 2015

China dumps more dollars, holds reserves at lowest level in nearly three years

As China continues to prepare and expand the Yuan for full internationalization, there is less and less need for them to hold massive amounts of dollars as a reserve for their financial system.  And while the Chinese central bank has rightly chosen not to dump their treasuries onto the market in one massive sale, their slow dissolution of their dollar reserves has the country holding the fewest it has held in almost three years.
In November, China dumped another $87.2 billion in treasuries and t-bills, dropping their overall reserves to $3.44 trillion, which is their lowest level since February of 2013.

0 comments:

Post a Comment