[unable to retrieve full-text content]China’s central bank said on Monday that it would raise the amount of money that financial institutions must set aside as reserves for their foreign exchange deposits, in the latest move to curb the yuan’s recent rapid appreciation.The increase in the reserve requirement to 7 per cent from 5 per cent will take effect on June 15 and is aimed at strengthening foreign exchange liquidity management for financial institutions, according to a statement by the People’s Bank of China (PBOC).The move by…
Karen Yeung considers the following as important:
This could be interesting, too:
Tyler Durden writes Is There A Silver Lining In The PC Woke Snowflake Cancel Culture?
Tyler Durden writes Biden Orders Major Reversal Of Trump’s Missile Battery Build-Up In Gulf
Tyler Durden writes Gen. Milley Says China Has “Ways To Go” Before It Can Take Taiwan