PBOC Lowers Savings Rates for Foreign Currency

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Wednesday, August 29, 2001, updated at 22:06(GMT+8)

Business

PBOC Lowers Savings Rates for Foreign Currency

Approved by the State Council, the People's Bank of China (PBOC) decided to lower the domestic savings rates for small sums of foreign currency from Thursday.

The rate for the U.S dollar for one year term will be lowered 0.1875 points to 2.3125 percent.



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	Approved by the State Council, the People's Bank of China (PBOC) decided to lower the domestic savings rates for small sums of foreign currency from Thursday.




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