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China bringing bulk dollar purchases under the microscope

China bringing bulk dollar purchases under the microscope
According to the report, any business wanting to purchase $50 million or more, must now first obtain approval from the People’s Bank of China (PBOC). This decision comes after the institution had a meeting with some of the commercial banks over the weekend. During this year, the Chinese yuan decreased by approximately 6% against the […] The post China bringing bulk dollar purchases under the microscope appeared first on LeapRate... Read More
Posted: Sep 12 2023, 09:31
Author Name: leaprate
Views: 091269

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