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MAS overnight yuan facility to back offshore renminbi market

Saturday, June 14, 2014 - 06:00

Singapore THE Monetary Authority of Singapore (MAS) yesterday said it will provide up to five billion yuan (S$1 billion) in overnight funds to support the growing offshore renminbi market here. The People's Bank of China (PBOC) Nanjing branch also announced that corporates and individuals in the

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