China tells state banks to prepare for a massive dollar dump
and yuan buying spree as Beijing's prior interventions have failed to stem its currency's worst year since 1994
https://markets.businessinsider.com/news/currencies/china-bank-dollar-yuan-currency-markets-economy-beijing-fed-hike-2022-9
The scale of this latest effort to prop up the yuan will be big
and could provide a floor to the Chinese currency, according to the report.
The amount of dollars to be sold hasn't been decided yet
, but Reuters said it will primarily involve the state banks' currency reserves.
Their offshore branches, including those based in Hong Kong, New York and London, were ordered to review offshore yuan holdings
and check to see that dollar reserves are ready.
Reuters reported that China told state-owned banks to get ready to sell dollars
and buy yuan in an effort to prop up the local currency.
จะงัดกับพี่กันไหวมั้ย รอดู
พี่จีนเตรียมขาย usd
and yuan buying spree as Beijing's prior interventions have failed to stem its currency's worst year since 1994
https://markets.businessinsider.com/news/currencies/china-bank-dollar-yuan-currency-markets-economy-beijing-fed-hike-2022-9
The scale of this latest effort to prop up the yuan will be big
and could provide a floor to the Chinese currency, according to the report.
The amount of dollars to be sold hasn't been decided yet
, but Reuters said it will primarily involve the state banks' currency reserves.
Their offshore branches, including those based in Hong Kong, New York and London, were ordered to review offshore yuan holdings
and check to see that dollar reserves are ready.
Reuters reported that China told state-owned banks to get ready to sell dollars
and buy yuan in an effort to prop up the local currency.
จะงัดกับพี่กันไหวมั้ย รอดู