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PBoC is to raise the forex reserve requirment ratio by 2ppts from 4% to 6% effective November 15th
ORIGINAL · NewsquawkPBoC is to raise the forex reserve requirment ratio by 2ppts from 4% to 6% effective November 15thRead originalHide original
PBoC decided to raise the Foreign Exchange Deposit Reserve Ratio for financial institutions. Measure is designed to improve the management of foreign currency liquidity in financial institutions.
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The PBoC decided to raise the foreign-exchange reserve ratio for financial institutions from 4% to 6% on November 15, stating the aim is improved foreign-currency liquidity management.
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PBoC decided to raise the Foreign Exchange Deposit Reserve Ratio for financial institutions. Measure is designed to improve the management of foreign currency liquidity in financial institutions.
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