Chinese foreign exchange reserves declined by $87.2 billion

Almaty. December 9. Silkroadnews - China's foreign exchange reserves declined by $87.2 billion to $3.44 trillion, reported Chinanews.
"China's foreign exchange reserves, the largest in the world, fell in November by $87.2 billion to $3.44 trillion. This is the lowest level since February 2013 and is the third largest monthly fall on earlier", - says the publication.
Analysts say a decrease in foreign exchange reserves has resulted in a change of the US dollar.
According to the publication, this year the domestic yuan fell by 3% and continues to be under pressure as investors expect later this month, US interest rates will rise for the first time in the last decade.
Reportedly, even more affected depreciation of the yuan in foreign markets, where it has lost more than 4% this year - at the rate of 6.47 yuan to $1, from September overseas yuan depreciated markedly stronger than in the country, indicating the continuing a downward trend.
According to the publication, the volume of gold reserves in China are also reduced.
"China's central bank has repeatedly said that it sees no reason to further depreciation of the yuan. At the same time the official website of the People's Bank said that the volume of China's gold reserves fell from $63.26 billion in October and amounted to $59.52 at the end of November. Balance reserves of the International Monetary Fund in China decreased from $4.64 billion last month to $4.60 billion. In late October, it had the special drawing rights at the MIA $10.36 billion, and at the end of last month - to $10.18 billion",- noted in the publication.