Home MoneyBanks China infuses RMB 3b to sustain liquidity

China infuses RMB 3b to sustain liquidity

by Aya El Sayed

The People’s Bank of China announced on Wednesday that it conducted reverse repo operations with a total value of RMB 3 billion to ensure the liquidity of the banking system.

Concurrently, the yuan’s exchange rate was established at 7.0930 against the US dollar.

You may also like

Leave a Comment