The SAFE Releases Data on Foreign Exchange Settlement and Sales by Banks on beha
According to statistical data released by the State Administration of Foreign Exchange (SAFE), in January 2011 the amount of foreign exchange settlement and sales by banks on behalf of clients amounted to USD150.3 billion and USD81.9 billion respectively. The surplus of foreign exchange settlement and sales by banks on behalf of clients amounted to USD68.4 billion.
During the month, foreign-related receipts and payments by domestic banks on behalf of clients amounted to USD186.7 billion and USD150.7 billion respectively, and the surplus of foreign-related receipts and payments reached USD36 billion.
