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PBOC RAISE RESERVE REQUIREMENT RATIO FOR FOREIGN CURRENCY DEPOSITS

Published On 01 Jun 2021 03:47 PM


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Highlights –

  • PBOC raise reserve requirement ratio for foreign currency deposits.
  • Chinese currency renminbi (RMB) remains high against the U.S. dollar.
  • RMB has likely experienced some overshooting against the U.S. dollar.
  • RMB exchange rate appreciation cannot offset the rise in bulk commodity prices.

The People's Bank of China (PBOC) earlier had sent....


Tags : CHINA CENTRAL BANK, PBOC, PEOPLE'S BANK OF CHINA, RMB, CHINESE CURRENCY RENMINBI, CHINESE YUAN, RMB EXCHANGE RATE, CHINA EUROPE INTERNATIONAL BUSINESS SCHOOL,
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