China's central bank no longer intervenes in the foreign exchange market

[yota691]

China's central bank no longer intervenes in the foreign exchange market

 

The headquarters of China's central bank in Beijing. "Reuters"

Arab and international Economy News Baghdad China's central bank governor said on Sunday that the bank has stopped intervening in the foreign exchange market and that the yuan's exchange rate is not a major concern in the formulation of monetary policy. China will not use exchange rates to boost exports or as a tool in trade disputes, Yi Gang, governor of the People's Bank of China, told a news conference on the sidelines of the annual parliament meeting. Ye said China will keep the yuan stable and financial openness will continue with every design according to its timetable and reform requirements. Views 28   Date Added 10/03/2019

[md11fr8dawg]

WEEELLLL, isn't THAT Special????