economy - Banks limit forex cash withdrawals

In an effort to control the inflow of 'hot' money, Chinese banks have started to limit the daily withdrawals per day per person to 2,000 Renminbi (US$ 240) from bank accounts that allow foreign exchange transactions. Not clear is whether similar restrictions are also in place for corporate accounts.

Update: More reports are coming in suggesting an upcoming change in the currency exchange, although not as dramatic as a revaluation. Bloomberg evaluates possible changes, at the beginning three-day meeting of the central bank in Nanning.