China makes ‘clear signal to stabilise yuan’ with forex deposit reserve cut - South China Morning Post

4/25/2022 12:00:00 AM3 years 10 months ago

The People’s Bank of China (PBOC) said on Monday that it will cut the amount of foreign exchange deposits banks have to set aside by 1 percentage point to 8 per cent from May 15.

Published: 9:12pm, 25 Apr, 2022 Updated: 9:30pm, 25 Apr, 2022

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