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PBOC headache to worsen with US$50,000 conversion quota

The cap on how much foreign currency individuals are allowed to change each year will be reset next month

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UNDER PRESSURE: Many Chinese convert the yuan to other currencies to protect themselves against devaluation.

PEOPLE'S Bank of China (PBOC) governor Zhou Xiaochuan already has one policy headache with the currency falling to near an eight-year low. He could have an even bigger one next month.

That's when a US$50,000 cap on how much foreign currency individuals are allowed to convert each year

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