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Republic of china in exchange for chinese yuan

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Reference no: EM133142402

In 1994, the chinese government considered a policy of requiring all firms to deposit foreign currencies with commercial banks,In turn this banks were required to remit these funds (once above a certain level) , to the peoples republic of china in exchange for chinese Yuan. What could the implications on the firms, banks ,and national economy of such policy be?

Reference no: EM133142402

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