China Liberalizes Lending Rate of Foreign Currencies

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Tuesday, September 05, 2000, updated at 16:28(GMT+8)

Business

China Liberalizes Lending Rate of Foreign Currencies

The People's Bank of China ( PBOC) announced Tuesday that it will liberalize the lending rate of foreign currencies starting from September 21.

Major reform measures are also made simultaneously on the deposit rate of foreign currencies, according to a circular issued Tuesday by the PBOC, the central bank of China.


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	The People's Bank of China ( PBOC) announced Tuesday that it will liberalize the lending rate of foreign currencies starting from September 21.




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	China to Lift Control over Foreign Currency Lending Rate