PBOC Decides to Cut Foreign Exchange Reserve Requirement Ratio

To Read Chinese Version

To improve the ability of financial institutions to use foreign exchange funds, the People’s Bank of China (PBOC) has decided to cut the reserve requirement ratio for foreign exchange deposits of financial institutions by 2 percentage points from the current 6 percent to 4 percent, effective as of September 15, 2023.

Date of last update Nov. 29 2018
2023年09月01日