PBoC offers “conditional relaxation” on RMB flows
After months of anxiety, the central bank made it easier for renminbi to be remitted out of China, but conditions still apply
China has relaxed earlier orders which cut banks’ capacity and flexibility to remit renminbi out of the country for clients, according to three separate sources briefed directly on the changes.
The People’s Bank of China (PBoC) told banks in April...
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