China’s foreign exchange reserves top 3 trillion USD
China’s foreign exchange reserves exceeded the mark of 3 trillion U.S. dollars for the first time at the end of March 2011, representing an increase of 24 percent from a year earlier and maintaining its top position around the world, according to data released by the central bank on April 14
The Bank of Thailand lifts overseas investment ceiling to $50 billion
The Bank of Thailand has lifted the outstanding value of combined overseas investment from US$30 billion to $50 billion, as part of its move to counter greater currency volatility. Companies could expand abroad more easily with the relaxed forex rules, while exporters could hedge their currency risks more effectively.