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The yuan was broken so the PBOC turned it off and on again

Central Banks

Eamonn Sheridan

27/08/2018 | 02:03 GMT

You know how your computer breaks down and you call the techies and some guy with a degree in IT says you can fix it by turning it off and on again?

Yeah, same for the yuan apparently

Justin posted the news back on Friday:

PBOC said to have resumed use of counter-cyclical factor in yuan fixing mechanism

Just a heads up ICYMI.

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