Central Bank Drains 52 billion Yuan from Banking System

By The Beijing News
Published: 2009-08-03
The People's Bank of China (PBoC), China's central bank, issued 45 billion yuan's worth of bills in the open market last Thursday. This raised the net amount of currency drained from the banking system last week to 52 billion yuan, the biggest weekly withdrawal in 4 months.
The Beijing News

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