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The People's Bank of China: Since September 15, the reserve ratio for foreign exchange deposits has been lowered to 4%

2023-09-07 17:13:54 Source: Official website of the People's Bank of China


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In order to improve the ability of financial institutions to use foreign exchange funds, the People's Bank of China has decided to reduce the foreign exchange reserve ratio of financial institutions by 2 percentage points from September 15, 2023, that is, the foreign exchange reserve ratio will be lowered from the current 6% to 4%. (Source: official website of the People's Bank of China)

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