PBOC sees risks if dollar slides

- Central Banking staff
- 07 Dec 2006

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The People's Bank of China said in a report published Thursday 7 December that it is concerned over a possible slide in the US dollar if there is a widespread move to sell off dollar assets.

The central bank said in its 2006 Financial Stability Report that Asian oil exporting countries also may need to adjust their foreign exchange holdings to reduce risk.

"If the US current account deficit growth continues to be higher than GDP growth, the investment value of US assets will be questioned by

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