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China central bank says it will improve policy framework for cross-border yuan use
March 27, 2017 / 9:00 AM / 8 months ago

China central bank says it will improve policy framework for cross-border yuan use

BEIJING (Reuters) - China’s central bank said on Monday that it will improve the policy framework and infrastructure for cross-border use of the yuan currency.

A 100 Yuan note is seen in this illustration picture in Beijing March 7, 2011. REUTERS/David Gray/File Photo

The People’s Bank of China (PBOC) will improve the yuan regime and steadily push forward with the yuan’s convertibility in the capital account, it said in a statement on its website.

The PBOC also said it aims to enhance the role of the yuan in investment, reserves and financial transactions.

Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk

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