The Traderszone Network

Published in TZ Latest News 31 August, 2015 by The TZ Newswire Staff

PBOC to curb yuan speculation, limit capital outflows, new FX forwards reserve requirement

The People’s Bank of China  will mandate a deposit of 20 percent of sales to be held at zero interest and frozen for a year
– Effective October 15
Andy Ji, a Singapore-based currency strategist at Commonwealth Bank of Australia