PBOC Plans to Expand Yuan Band This Year in ‘Orderly’ Manner

The People’s Bank of China plans to expand the yuan’s trading band this year in an “orderly” manner as it moves toward a more convertible currency. The PBOC will also continue to broaden cross-border usage of the yuan, it said in a statement on its website yesterday after a Feb. 17-18 conference…

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PBOC Plans to Expand Yuan Band This Year in ‘Orderly’ Manner

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