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Tag: China Central Bank

China’s Central Bank Launches Digital Currency App
In an ambitious push to expand its digital currency, China’s central bank has launched a trial version for its digital yuan via a wallet app.  The app is now available on China’s Android and iOS...
Beijing Slashes Reserve Requirement For Banks
The People's Bank of China, the country’s central bank, has announced that it will reduce the reserve requirement ratio (RRR) for banks. The reserve requirement forces banks to maintain liquid money so as to ensure...