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.

No comments:

US: Update on U.S. Citizenship and Immigration Services (USCIS)’ Strengthened Screening and Vetting

Since taking office, President Trump has prioritized national security and public safety by implementing a series of executive orders and pr...