People's Bank of China
Definition
China's central bank, under State Council authority. Manages monetary policy, the yuan's exchange rate, and a massive foreign-exchange reserve.
Example
The PBOC holds over $3 trillion in foreign-exchange reserves.
China's central bank, under State Council authority. Manages monetary policy, the yuan's exchange rate, and a massive foreign-exchange reserve.
The PBOC holds over $3 trillion in foreign-exchange reserves.