The Central Bank Cut The Foreign Exchange Reserve Ratio

April 26, 2022, Haian, Jiangsu, China: HAIAN, CHINA – APRIL 26, 2022 – A staff member counts US dollar notes at a bank in Haian, East China s Jiangsu province, April 26, 2022. The People s Bank of China (PBOC), the central bank, decided on Thursday to cut the foreign exchange reserve ratio (RRR) for financial institutions by 1 percentage point from the current 9 percent to 8 percent starting May 15, 2022, in a bid to improve their ability to use foreign exchange funds. (Credit Image: Global Look Press/Keystone Press Agency)

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