In the News
Halting the Yuan slide - Reserves dim sum
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.
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