People’s Bank of China (PBOC) says Chinese banks sold net total forex 5.1bn yuan in August

People’s Bank of China (PBOC) says Chinese banks sold net total forex 5.1bn yuan in August

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Noting this as I had seen tweets from overnight saying that “PBOC says Chinese financials cut FX purchases by $5.1bn in August. Nomura: means China stopped building reserves.”

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So, 5.1bn yuan, not 5.1 bn dollars