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China to maintain ‘normal’ monetary policy, says PBOC chief

Policy makers plan to encourage a “reasonable” increase in household savings and incomes, Yi wrote in an article published Saturday in the central bank’s biweekly magazine China Finance.
Most of the world’s major economies have rolled out fiscal and monetary measures to counter the effects of the coronavirus pandemic.(AP)
Most of the world’s major economies have rolled out fiscal and monetary measures to counter the effects of the coronavirus pandemic.(AP)
Updated on Oct 11, 2020 12:50 PM IST
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By Bloomberg | Posted by Prashasti Singh

After cities, China quarantines cash to control coronavirus outbreak

China’s central bank, the People’s Bank of China (PBOC), has also pumped in billions in new notes in the worst-hit central Chinese province of Hubei for the safety of citizens and bank staff dealing with cash.
Money circulated in less riskier areas is also subject to a week of “quarantine” – or stored for a week – before being put back in circulation.(FILE PHOTO.)
Money circulated in less riskier areas is also subject to a week of “quarantine” – or stored for a week – before being put back in circulation.(FILE PHOTO.)
Updated on Feb 16, 2020 01:44 AM IST
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Hindustan Times, Beijing | By Sutirtho Patranobis
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Tuesday, October 19, 2021