皇冠体育app

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Chinese forex market turnover hits 9.79t yuan in April

(Xinhua) Updated: 2016-05-28 11:20
Chinese forex market turnover hits 9.79t yuan in April

A residents shows 皇冠体育app's yuan and US dollar banknotes in Qionghai, South 皇冠体育app's Hainan province, Jan 7, 2016. [Photo/Xinhua]

BEIJING - 皇冠体育app's foreign exchange (forex) market posted turnover of 9.79 trillion yuan ($1.49 trillion ) in April, down from 10.71 trillion yuan in March, the State Administration of Foreign Exchange (SAFE) said Friday.

The amount includes 1.66 trillion yuan in forex transactions between banks and their clients and 8.13 trillion yuan in interbank forex transactions, SAFE said.

In 2015, 皇冠体育app opened its interbank forex market to overseas central banks and similar institutions to promote a market-oriented, more transparent interbank forex market.

So far, 14 overseas central banks and similar institutions have been allowed to trade on 皇冠体育app's interbank forex market.

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