BEIJING, Dec 22 (Reuters) - China's foreign exchange reserves shrank in October to less than $1.89 trillion, their first monthly fall since December 2003, a source familiar with the situation told Reuters on Monday.
The foreign exchange reserves, the world's largest stockpile, stood at $1.906 trillion at the end of September, the last date for which official figures have been reported.
The source, who wished not to be identified, declined to say whether the reserves continued to fall in November.
Cai Qiusheng, an official with SAFE's capital account management department, told a forum on Saturday that the reserves had fallen from their peak above $1.9 trillion, but did not give details on when or by how much they had fallen.
(Reporting by Beijing newsroom; Writing by Jason Subler; Editing by Nick Macfie) Keywords: CHINA ECONOMY/FOREX FALL (jason.subler@thomsonreuters.com; +8610 6627 1215; Reuters Messaging: jason.subler.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The foreign exchange reserves, the world's largest stockpile, stood at $1.906 trillion at the end of September, the last date for which official figures have been reported.
The source, who wished not to be identified, declined to say whether the reserves continued to fall in November.
Cai Qiusheng, an official with SAFE's capital account management department, told a forum on Saturday that the reserves had fallen from their peak above $1.9 trillion, but did not give details on when or by how much they had fallen.
(Reporting by Beijing newsroom; Writing by Jason Subler; Editing by Nick Macfie) Keywords: CHINA ECONOMY/FOREX FALL (jason.subler@thomsonreuters.com; +8610 6627 1215; Reuters Messaging: jason.subler.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.