Key facts
- China's foreign exchange reserves reached $3.442 trillion in May.
- China's foreign exchange reserves were $3.411 trillion previously.
- China's central bank has bought gold for 19 consecutive months.
- The Bank of Israel purchased $801 million in May.
- The shekel reached its strongest level in over three decades in May.
- The Bank of Israel intervened in the foreign exchange market in May.
China's foreign exchange reserves saw an increase in May, reaching a total of $3.442 trillion. This figure represents a rise from the $3.411 trillion recorded in the preceding period. The People's Bank of China has also continued its pattern of gold acquisition, extending this trend to 19 consecutive months. This sustained buying indicates a deliberate and ongoing effort by the central bank to build its reserves.