(Reuters) - The central bank has employed a range of tools in recent months to mop up excess cash in the banking system. In addition to regularly issuing bills, it has raised interest rates three times and banks' required reserves five times since last April.
The State Information Centre said that while those steps were part of the solution, the central bank needed to loosen its grip on the currency to turn off the tap of excess liquidity at the source -- the country's huge trade surplus.
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