With China Facing Currency, Liquidity Crises, Ex-PBOC Official Urges Use Of “Nuclear Option” | Zero Hedge

China has a window from now to President-elect Donald Trump’s inauguration to halt FX intervention and let yuan depreciate to its equilibrium level, Yu Yongding, a former academic member of PBOC’s monetary policy committee, said, providing one possible explanation for bitcoin’s 20% surge in the past week.

Source: With China Facing Currency, Liquidity Crises, Ex-PBOC Official Urges Use Of “Nuclear Option” | Zero Hedge

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