China lowers banks’ forex reserve ratio to curb yuan weakness

2022-04-25

April 26, 2022 8:14 AM

BEIJING (BLOOMBERG) – China moved to limit the drop in the renminbi by cutting the amount of money that banks need to have in reserve for their foreign currency holdings.

Source : https://www.straitstimes.com/business/economy/china-lowers-banks-forex-reserve-ratio-to-curb-yuan-weakness

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China lowers banks’ forex reserve ratio to curb yuan weakness

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