No plan for imminent yuan reform says PBOC

China has no plans to revalue its currency, the yuan, during next week's Labour Day holiday, a People's Bank of China spokesman was quoted as saying on Friday 29 April, quashing rumours that such a change was imminent.

"As far as we know, there's no adjustment expected in the yuan exchange rate," Bai Li, spokesman for the People's Bank of China, told Dow Jones Newswires.

XFN-Asia quoted an unnamed central bank official as saying "We have not received any circular to prepare for this (a revalua

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