China's PBoC sees no basis for the yuan to continue to devalue

December 1, 2015 7:03 AM

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China's PBoC sees no basis for the yuan to continue to devalue

China's central bank said on Tuesday there was no basis for the yuan to continue to devalue and it would keep the currency basically stable.

Inclusion of the yuan into the Special Drawing Rights (SDR) would make the yuan more stable, Yi Gang, vice governor of the People's Bank of China (PBOC) said at a news conference on Tuesday.

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