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PBOC to tighten scrutiny on bulk dollar purchases of $50 million and above - report

This is being reported by Reuters, noting that the PBOC will scrutinise bulk dollar purchases by domestic firms, citing three sources with direct knowledge of the matter. Companies will need to seek approval for purchase of dollars amounting to $50 million or more, although there is no official announcement being made yet it would seem.I'm guessing this is to try and smooth out the timing of these transactions and I would think it would not be best for the PBOC to peruse and restrict such purcha... Read More

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Pboc

Tighten

Scrutiny

Bulk

Dollar

Purchases

Million

Above

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Forex

Posted: Sep 11 2023, 09:03

Author Name: forexlive

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