China Unleashes Banks’ Foreign Exchange Reserves to Strengthen Renminbi
China Unleashes Banks’ Foreign Exchange Reserves: A Strategic Move to Strengthen Renminbi? In a recent and intriguing development, China has decided to free up its banks’ foreign exchange reserves in an attempt to bolster the strength of its currency, the renminbi. This move, as reported by the Financial Times, raises several thought-provoking questions about China’s …
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