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The People’s Bank of China extends trading hours on yuan for foreigners

Adel 2 January, 2023 11:15 am Commodities, Market Update

China has announced an extension of trading hours for foreigners on the yuan with the aim of supporting the currency’s popularity. Trading on the yuan will close at 3 am local time instead of 11:30 pm, starting on January 3, according to the People’s Bank of China.

This decision comes at a time when the government is trying to ease Corona restrictions, with the aim of supporting the currency and the deteriorating economy.

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