Home > Currencies > China central bank promises to keep yuan exchange rate stable

China central bank promises to keep yuan exchange rate stable

2024/12/17 2

© Reuters. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017.     REUTERS/Thomas White/Illustration/File Photo

BEIJING (Reuters) – China will firmly prevent overshooting risks of the yuan exchange rate and keep the rate basically stable, its central bank said on Friday, state media reported.

The People’s Bank of China will increase treasury bond buying and selling operations, and provide a sound liquidity environment for government bond issuance, CCTV quoted the Bank as saying.

About Cryptoopia

Cryptoopia is a global financial website that provides content on stock markets, cryptocurrencies, commodity investments, foreign exchange, and economics. Our motto is “One platform, global access”, meaning that our platform is accessible to everyone around the world. No matter where you are, you can access information and investment opportunities in the global financial markets through our platform. We are committed to providing convenient and comprehensive financial services to global investors, making your investment journey smoother and more accessible.