Tuesday , 22 August 2017

Home » RESOURCES » MARKET » China to raise offshore yuan reserve requirements for some banks-sources

China to raise offshore yuan reserve requirements for some banks-sources

The central bank of China will raise the reserve requirement ratio for yuan deposits placed in yuan clearing banks from January 25 in its latest bid to stem speculation in the currency, three sources said.

The People’s Bank of China (PBOC), which had established the reserve requirement ratio (RRR) for offshore yuan participating banks in 2014, will return the rate to a normal level, the sources said.

The material has been provided by InstaForex Company – www.instaforex.com

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

China to raise offshore yuan reserve requirements for some banks-sources Reviewed by on . The central bank of China will raise the reserve requirement ratio for yuan deposits placed in yuan clearing banks from January 25 in its latest bid to stem spe The central bank of China will raise the reserve requirement ratio for yuan deposits placed in yuan clearing banks from January 25 in its latest bid to stem spe Rating:
scroll to top