PBOC lets 3 central banks to trade in onshore forex market

FXStreet (Mumbai) – In its latest effort to open up China’s forex markets, the country’s central bank PBOC announces that first seven financial institutions have registered for entry to the country’s FX market, Reuters reports.

Out the seven financial institutions, three foreign central banks will be allowed to trade in onshore forex markets. PBOC further stated that the Reserve Bank of Australia (RBA) is among the first batch of central banks.

In its latest effort to open up China’s forex markets, the country’s central bank PBOC announces that first seven financial institutions have registered for entry to the country’s interbank FX market, Reuters reports.

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