ag亚游China to raise reserve requirement ratio for foreign currency deposits

Chinas central bank announced Thursday that it will raise the reserve requirement ratio (RRR) for foreign currency deposits by 2 percentage points from the current 7 percent to 9 percent, starting from Dec. 15.

The move aims to strengthen the liquidity management of foreign currencies in financial institutions, the Peoples Bank of China said in an online statement.

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ag百家乐规则