ABU DHABI/WAM The United Arab Emirates and the Republic of Mozambique have reviewed avenues to …
Read More »China to curb capital flight as $1trn moved overseas
Beijing / AFP China will further tighten controls on individuals’ foreign currency purchases to try to curb massive capital flight from the country as the yuan falls sharply against the dollar. Individuals wishing to convert yuan to foreign currencies will now have to provide more detailed information to their bank, including an explanation of the funds concerned in addition …
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