Trivium Neopol - Business Environment, Econ and Finance | Logo 15 Mar 2021

PBoC announces FX trial for multinationals

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On Friday, the People’s Bank of China announced the launch of a trial that will allow multinational corporations (MNCs) greater freedom to exchange currency.

The details: Select firms will be allowed to purchase foreign currency whenever they like – within limits – and deposit it in the dom...


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