Chinese Yuan

SHANGHAI, CHINA - MARCH 17, 2023 - Photo taken on March 27, 2023 shows 100 yuan banknotes in Shanghai, China. The People's Bank of China decided to cut the reserve requirement ratio for financial institutions by 0.25 percentage points on March 27, 2023 (excluding financial institutions that have implemented the 5% reserve requirement ratio). After this cut, the weighted average deposit reserve ratio of financial institutions is about 7.6 percent. (Photo credit should read CFOTO/Future Publishing via Getty Images)