Citing three sources with direct knowledge of the matter, Reuters reported on Monday, the People’s Bank of China (PBOC) is stepping up its scrutiny of
bulk US Dollar purchases by domestic companies, in the face of the rapid depreciation of the Chinese Yuan.US Dollar purchases of $50 million and above will need approval from the central bank.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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