B · Normal
[The foreign exchange deposit reserve ratio of financial institutions will be increased to 6% from today] November 15th. Today, the People's Bank of China raised the foreign exchange deposit reserve ratio of financial institutions to take effect. The foreign exchange deposit reserve ratio was increased from the current 4% to 6%. This increase will help promote the balance between supply and demand in the foreign exchange market and break the self-fulfilling expectations of RMB appreciation.
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