People's Bank of China will have issued the instruction.
Reuters with the info:
- China's major state-owned banks seen selling dollars for yuan in onshore FX market to slow yuan declines
They have work to do - CNY has dropped sharply today:
![USDCNY 5 min candles 22 March 2024 2](https://images.forexlive.com/images/USDCNY%205%20min%20candles%2022%20March%202024_id_5623a96b-67f5-445e-ab28-4fb5b6591186_size900.jpg)
People's Bank of China will have issued the instruction.
Reuters with the info:
They have work to do - CNY has dropped sharply today:
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