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CHINA'S CENTRAL BANK RAISES FOREIGN CURRENCY RESERVE RATIO.
Publication: AsiaPulse News Publication Date: 31-AUG-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, Aug 31 Asia Pulse - China's central bank has announced a one percentage point hike in the required reserve ratio for foreign currency deposits in another moderate measure to tighten credit and cool the economy.
Effective on Sept 15, the new policy demands banks keep 4 per cent...
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