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China FX reserves fall in Nov to US$3.44t, down US$87.2b from Oct

[BEIJING] China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed on Monday.

The value of China's gold reserves stood at US$59.52 billion at the end of November, down from US$63.26 billion at the end of October, the People's Bank of China said on its website.

China's International Monetary Fund (IMF) reserve position was at US$4.60 billion, down from US$4.64 billion the previous month. It held US$10.18 billion of IMF Special Drawing Rights at the end of last month, compared with US$10.36 billion at the end of October.

The central bank in July shifted to reporting its foreign exchange reserves on a monthly basis after adopting the IMF's Special Data Dissemination Standard (SDDS). The bank had previously released the data on a quarterly basis.