ChinaUS EUROPEASIA 中文双语Français
Business\Markets

Central bank denies measures on dollar deposit

Xinhua | Updated: 2017-05-27 10:48

BEIJING - The People's Bank of China (PBOC) has denied reports that commercial banks were asked to deposit all their US dollars into the central bank.

The People's Bank of China said on its Weibo account Friday evening that there were no such measures and the dollar's liquidity is normal in the banking system.

Capital outflows have remained tame in China as the currency, the yuan, has stabilized from previous depreciation.

Net foreign exchange (forex) sales by Chinese banks were down 37 percent year on year in April, and forex reserves stayed well above the $3 trillion mark after rising for a third straight month.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US