WION Fineprint | Why China’s central bank is shoring up the Yuan
Edited By WION Video Desk
Published: Sep 06, 2022, 20:45 IST | Updated: Sep 06, 2022, 20:45 IST
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China’s central bank has sent a strong signal it wants to keep the Chinese yuan from weakening too quickly against the U.S. dollar by reducing the amount of foreign currency banks need to hold. Molly Gambhir tells you what this move means for Beijing.
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