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CBN 2021-12-10 16:22:01
Editor in charge: Hao Yunying
On the evening of December 9, the Central Bank announced that in order to strengthen the management of foreign exchange liquidity of financial institutions, it has decided to increase the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points from December 15, 2021. 7% to 9%. This is the first time the central bank has raised the foreign exchange deposit reserve ratio after a lapse of six months. The industry believes that the increase in the foreign exchange deposit reserve ratio highlights the determination of the central bank to stabilize the exchange rate trend.
Industry: The central bank raises the foreign exchange deposit reserve ratio to curb unilateral appreciation pressure
On the evening of December 9, the Central Bank announced that in order to strengthen the management of foreign exchange liquidity of financial institutions, it has decided to increase the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points from December 15, 2021. 7% to 9%. This is the first time the central bank has raised the foreign exchange deposit reserve ratio after a lapse of six months. The industry believes that the increase in the foreign exchange deposit reserve ratio highlights the determination of the central bank to stabilize the exchange rate trend.
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