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Asia Spending Billions to Stop Currency Declines

Asia Spending Billions to Stop Currency Declines

by VF | Jun 28, 2022 | Linkss, Asia, Business, Economy, News

Central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against the rising US dollar. Thai reserves have slid to $221 billion as of mid-June. That is the lowest in more than two years. Monthly figures show that Indonesia’s stash...

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