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The Chinese People’s Bank (PBOC), the Chinese Central Bank, is responsible for setting the daily medium point of the yuan (also known as Renminbi or RMB). PBOC follows the orbit floating drainage system that allows the value of the yuan to fluctuate within a specific range, called “the range”, around a central reference rate, or “mid point”. It is currently at +/- 2 %.
The previous closure was 7,2250
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PBOC is injected 158.6 billion yuan over 7 days, determines a rate of 1.4 %
- Zero mature today
- Net injection is 158.6 billion yuan
Later this year,
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