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Central Bank: cut the foreign exchange reserve ratio of financial institutions by 2 percentage points from September 15

Central Bank: cut the foreign exchange reserve ratio of financial institutions by 2 percentage points from September 15
09:01, September 1, 2023 Market information
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On September 1, the Associated Press reported that in order to improve the ability of financial institutions to use foreign exchange funds, the People's Bank of China decided to reduce the reserve ratio of foreign exchange deposits of financial institutions by 2 percentage points from September 15, 2023, that is, the reserve ratio of foreign exchange deposits will be lowered from the current 6% to 4%.

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