Beijing, April 7 (Xinhua) - China currency reserves were reduced to 317 billion United States dollars at the end of March from 3,205 trillion dollars for purposes of February, the official data showed on Wednesday.

The amount fell by 35 billion dollars, or 1.09 percent, as of the end of February, according to the State Currency Administration (Segura).

In March, China's currency market worked stably with currency offer and demand basically in balance, said Secure spokesman Wang Chunying.

affected by factors such as the Covid-19 pandemic, the development of the Vaccine and the expectations of COVID-19 and the expectations of the fiscal and monetary policies of the main Countries, the dollar index saw an increase, while the prices of the main countries fell last month, Wang added.

The spokesperson attributed the decrease in Forex reserves to the CO multinated translation effects and currency changes in asset prices.

Wang, however, expects the scale of China Forex reserves remain generally stable, despite uncertainties in the international financial market. and the global economic recovery in the middle of risks induced by the virus. Enditem follow by China.org.cn on Twitter and Facebook to join the conversation. Download applications from ChinaNews

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