China's central bank governor says stable renminbi key to global financial stability
ReutersFeb 16, 2025 7:45 AM
BEIJING, Feb 16 (Reuters) - China's central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue to let the market play a decisive role in deciding the exchange rate.
People's Bank of China Governor Pan Gongsheng told an emerging economy conference in Saudi Arabia that while most currencies have fallen against the dollar, the yuan has remained stable.
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