04-November-2026
Economy News
 
China to Raise FX RRR to Slow Pace of Yuan Gains
03-Nov-2026

China's central bank said on Tuesday that it will raise the amount of foreign currency that financial institutions must hold as reserves, a move aimed at tightening dollar liquidity conditions and slowing the pace of recent yuan gains. The People's Bank of China (PBOC) said it would raise the foreign exchange reserve requirement ratio (RRR) by 2 percentage points to 6% from 4%, effective on November 15, according to an online statement.

News Source:- https://money.usnews.com/investing/news/articles/2026-11-02/china-to-raise-forex-deposit-reserve-ratio-to-6-starting-november-15
 
 
 

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