China’s central bank said it would cut the amount of foreign exchange banks must hold as reserves, a move aimed at slowing the depreciation of the yuan, after the Chinese currency touched a more-than-two-year low against the dollar on Monday.
The People’s Bank of China said it would lower the foreign-exchange reserve requirement ratio by 200 basis points to 6%, beginning Sept. 15. The move is to “improve financial institutions’ ability to use foreign exchange funds,” according to a statement.
Chinese…
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from Wall Street Exchange – My Blog https://ift.tt/HZnWExI
via IFTTT
No comments:
Post a Comment