6 Hrs
Source:
أخبار الصين
Source: أخبار الصين
6 Hrsأخبار الصين
Source: أخبار الصين
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The People’s Bank of China announced that it will raise the foreign exchange reserve requirement ratio for financial institutions from 4% to 6%, effective November 15. This is the first increase in nearly five years. The move aims to reduce dollar liquidity, ease upward pressure on the yuan, and stabilize market expectations, after the Chinese currency rose 4.2% against the dollar in the first nine months of the year. Following the announcement, the onshore yuan’s spot rate fell 307 points from the previous trading day.
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