Wednesday, June 02, 2021

China - People's Bank of China (PBOC) raises requirement for banks' forex deposits

China's central bank has decided to increase the amount of foreign-currency deposits that financial institutions need to hold as reserves starting on June 15, a move aimed at curbing sell-offs of foreign currencies after the renminbi's value climbed to a record high.

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Australia - Mobility Arrangement for Talented Early-professionals Scheme (MATES) announced for India

Australia is introducing MATES for Indian nationals to live and work in Australia for up to 2 years.  From December 2024, graduates and ear...