tutor2u | Halting the Yuan slide - Reserves dim sum

In the News

Halting the Yuan slide - Reserves dim sum

Geoff Riley

7th February 2016

Armed with a huge stock of reserves of foreign currency, the People's Bank of China has been intervening heavily in a bid to soften the downward slide in the external value of the Yuan. The BBC reports here that China's foreign currency reserves plunged by $99.5bn in January 2016. The central bank has been buying Yuan and selling overseas currency in exchange.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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