China’s Central Bank Directs State Banks To Reduce US Dollar Purchase Amid Trade War With America

China’s Central Bank Directs State Banks To Reduce US Dollar Purchase Amid Trade War With America

​Beijing: Amid a full scale tariff war with United States, China’s central bank on Wednesday directed its state-owned banks to scale down use of US dollar and make efforts to weaken the American currency. China’s central bank step is being seen as an attempt to safeguard the local

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 China’s central bank has directed state owned banks to reduce dependency on US dollar and safeguard local currency Yuan amid a full scale trade war.  world-news World News | Latest International News | Global World News | World Breaking Headlines Today