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As it was announced on Saturday by the Chairman of Eurogroup, Jean-Claude Juncker, the Group of Seven is satisfied in general with the overall levels of currencies of the world, which is currently operating on the foreign exchange market. The main reason for this, as the Chairman said, is that the rates of currencies are staying in balance and correspond with the economic basics and reflect changes in economic positions of countries of the world.

According to the announcement made by the officials of the central bank of the country the foreign exchange reserves of the China increased up to $1.905 trillion at the end of September. However the foreign exchange reserves of the country were also growing throughout the previous quarters of the year and came to the point of $377 billion. But this number shows us a certain gradual decrease in the rate of accumulation that became apparent after the financial crisis affected Chinese economy.

August 8 2008 witnessed the issue of the New Forex Regulations in China. This step was nothing but the response to the growth of the forex reserves of the country that came closely to the point of $2 trillion as well as to the increased foreign currency flow.

On September 26 the widely recognized financial site Bloomberg reported that China's yuan slipped by the most since a peg period against the dollar was thrown out in July 2005 on speculation policy makers are restricting appreciation to support exporters and promote growth among global financial bustle.

According to the announcements of the Foreign exchange specialists from the Travelex they are going to increase their retail business in China at least in two times next year. The company was the first one that get non-bank foreign exchange license last month from the Chinese Premier Wen Jiabao.

Travelex is the biggest foreign exchange provider that possesses its foreign-exchange offices in six Chinese airports.