A move by the People’s Bank of China to cut the foreign exchange deposit reserve requirement ratio for banks next month is an attempt to slow down the depreciation of the yuan and reduce the incentive to hold onto the US dollar.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here