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From:ChinaDaily | 2021-05-25 08:52
Monetary authorities have once again reiterated the need to maintain financial stability and prevent potential risks arising from areas such as the foreign exchange market and imported inflation, while keeping the renminbi exchange rate basically stable.
The renminbi exchange rate has remained basically stable at a reasonable and balanced level so far this year and authorities will strive to maintain it, a senior central bank official said on Sunday.
Liu Guoqiang, vice-governor of the People s Bank of China, the central bank, said two-way fluctuations, either appreciation or depreciation, will become the norm in the future, with the exchange rate continuing to depend on market supply and demand as well as changes in global financial markets.
Monetary authorities stress on financial stability By CHEN JIA | China Daily | Updated: 2021-05-25 08:52 A teller counts cash at a bank branch in Hangzhou, capital of East China s Zhejiang province. [Photo by Hu Jianhuan/For China Daily]
Monetary authorities have once again reiterated the need to maintain financial stability and prevent potential risks arising from areas such as the foreign exchange market and imported inflation, while keeping the renminbi exchange rate basically stable.
The renminbi exchange rate has remained basically stable at a reasonable and balanced level so far this year and authorities will strive to maintain it, a senior central bank official said on Sunday.
GARP expresses concern for COVID situation in India ANI | Updated: May 06, 2021 20:29 IST
Jersey City (New Jersey) [US], May 6 (ANI/ Seraphim Communications LLP): The Global Association of Risk Professionals (GARP), the world s leading risk management association and the provider of the Financial Risk Manager (FRM®) Certification, expresses its heart-felt concern for citizens of India as the country navigates the COVID crisis. Our hearts go out to all of India, GARP President and CEO Richard Apostolik said. Just as we were all hoping the worst of COVID was over, the situation in India has served as a stark reminder of the pandemic risk the world still faces.
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