Data published by the People's Bank of China showed that in February, the country's foreign exchange reserves - the largest in the world - decreased by $7.8 billion, amounting to $3.214 trillion. The fall in the reserve - the second monthly decline in a row - was due to the effect of the growth of the US dollar index and lower global asset prices. In February, the yuan increased by 0.8% against the US currency, while the US dollar rose by 0.07% against major currencies.
Taking into account the improvement of the situation around the coronavirus, as well as the fiscal policy of the main countries and inflation expectations, the US dollar index rose in February, and the value of bonds of the main countries decreased, the Central Bank of China said.
The data also showed that in February the volume of gold reserves did not change and amounted to 62.64 million troy ounces, but the value of these reserves increased to $119.64 billion from $112.46 billion at the end of January.