China's Foreign Reserves Rises Rapidly And Sits At $3.149 Trillion

China's foreign exchange reserves increased in March, according to government figures released on Friday, as the dollar dropped versus other major currencies.

The country's foreign exchange reserves, the world's highest, increased by $51 billion last month to $3.184 trillion, compared to the $3.149 trillion predicted by experts and up from $3.133 trillion in February.

In March, the yuan increased 0.86 percent versus the dollar, while the dollar declined 2.3% against a basket of other major currencies. At the end of March, China had 66.50 million fine troy ounces of gold, up from 65.92 million at the end of February.

China's gold reserves increased to $131.65 billion at the end of March, up from $120.28 billion at the end of February.