Figures released by the The State Administration of Foreign Exchange show net outflows of foreign exchange in the final three months of 2015 fell 61% from the previous quarter to US$164.4 billion, Reuters reported. The new figures contrast with those reported by banks late last year showing they posted a US$89.4 billion surplus in spot foreign exchange settlements in December, a sharp increase from US$54.8 billion in November. The administration also claimed it had not issued measures to further restrain foreign exchange purchases or sales, despite multiple reports to the contrary in recent months from banks and currency traders.
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