Regulator denies reports about China to hike individual forex purchase quota

10:26, March 16, 2011      

Email | Print | Subscribe | Comments | Forum 

The State Administration of Foreign Exchange (SAFE), China's foreign exchange regulator, on Tuesday denied media reports saying that China would substantially lift the annual quota allowed for individuals when buying foreign exchanges.

The SAFE said it currently has no plans to raise the quota. The announcement came after media reports said that China would raise the current quota of 50,000 U.S. dollars to 200,000 US. dollars.

China has the world's largest foreign exchange reserves. As of the end of last year, the country's total foreign exchange reserves amounted to 2.8473 trillion U.S. dollars.

Source: Xinhua
 
 
  Weekly review  
 
 
 
     
 
 

(Editor:李牧)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Survey for 2011 NPC and CPPCC Sessions
  • Focus On China
Major headlines
Editor's Pick
  • 21st Abu Dhabi Int'l Book Fair opens
  • Stars rock 2011 Rock n' Roll Hall of Fame induction ceremony in NY
  • Dance drama 'Verve of Changbai Mountain' staged in Beijing
  • Situation in Iwate after earthquake
  • Holi -- festival of colors in India
  • 8,184-meter-long tunnel run through in Inner Mongolia
Hot Forum Dicussion