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December 10, 2021
Abstract : China's 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.
BEIJING, Dec. 9 (Xinhua) -- China's 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 People's Bank of China said in an online statement. Enditem
Keyword: Financial Str. Release foreign currency deposits
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