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The Central Reserve Bank of China, officially known as the People's Bank of China (PBOC), is the central bank of the People's Republic of China. Established in 1948, it is responsible for implementing monetary policy, regulating financial institutions, and managing the country's currency, the renminbi (RMB). The PBOC plays a crucial role in maintaining financial stability and promoting economic growth in China. Additionally, it oversees foreign exchange and gold reserves, influencing both domestic and international economic dynamics.

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4mo ago

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