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الاقتصادية
Source: الاقتصادية
2 Hrsالاقتصادية
Source: الاقتصادية
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More than six Chinese banks have raised interest rates on dollar deposits, to as high as 4.5% in some cases, in an effort to encourage savers and exporters to hold dollars rather than convert them into yuan, and to curb the Chinese currency’s rise. The move came after the yuan gained about 10% against the dollar since the start of 2025, putting pressure on exporters’ profits. Meanwhile, interest rates on yuan deposits at the largest state-owned banks fell to 0.95%. Foreign-currency deposits reached a record $1.2 trillion at the end of September, up 17.7% year on year.
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