LINE

Text:AAAPrint
Economy

China central bank denies measures on dollar deposit

1
2017-05-27 09:00Xinhua Editor: Mo Hong'e ECNS App Download

The People's Bank of China (PBOC) has denied reports that commercial banks were asked to deposit all their U.S. dollars into the central bank.

The People's Bank of China said on its Weibo account Friday evening that there were no such measures and the dollar's liquidity is normal in the banking system.

Capital outflows have remained tame in China as the currency, the yuan, has stabilized from previous depreciation.

Net foreign exchange (forex) sales by Chinese banks were down 37 percent year on year in April, and forex reserves stayed well above the 3-trillion-U.S.-dollar mark after rising for a third straight month.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.