Wu Blockchain (@WuBlockchain): According to Reuters, the People’s Bank of China has instructed major state-owned banks to reduce U.S. dollar purchases in a move to prevent sharp RMB…
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According to Reuters, the People’s Bank of China has instructed major state-owned banks to reduce U.S. dollar purchases in a move to prevent sharp RMB depreciation. The central bank issued window guidance this week, asking banks to halt proprietary USD buying and tighten scrutiny on client USD transactions. reuters.com/world/china/ch…