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China’s Trillion Reserves Show G-20 Task as Wen Resists Yuan Pressure China’s currency holdings, the world’s biggest, swelled by $ 197 billion in the first quarter, the nation’s central bank said yesterday. New loans were a more-than-estimated 679.4 billion yuan ($ 104 billion) in March, it said. Read more on Bloomberg US dollar ends cheaper [...]
China to let yuan be traded against more currencies BEIJING, April 8 — China will allow the yuan to be traded against a wider variety of currencies in the onshore foreign exchange market, the central bank said in a report today. The People’s Bank of China (PBOC) did not name any of the new currency [...]
Forex reserves hit .2b The country’s foreign exchange reserves climbed to a new record in March, more than enough to cover the accumulated foreign debt of the government and the private sector. Read more on Manila Standard Today Research and Markets: Foreign Exchange Management: Creating Value Through Better Decision Making DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/561b27/foreign_exchange_m) [...]