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[14]: 12 China therefore tightened controls over foreign exchange and capital flows, including by making violations of these regulations punishable as criminal offenses. [14]: 12 From 2001 to 2006, China's foreign exchange reserves nearly quadrupled. [14]: 12 In 2006, China became the world's largest holder of foreign exchange reserves.
During early 1990s reserves were around $20 billion as China began to open its economy and integrate into global markets. However, In 2000s following China's entry into the World Trade Organization (WTO), reserves began to surge, reaching $1 trillion by 2006. Reserves continued to climb due to strong trade surpluses and foreign investment ...
Some countries do not have any border cash controls, though even countries like Switzerland now impose restrictions and a requirement to declare the large amount of cash. [2] The most frequent threshold amount of cash (or equivalent) that may cross a national border without restriction is US$10,000, or some national equivalent, usually rounded ...
Banks set limits for how much cash you can take out at an ATM, which can range from small amounts such as $300 per transaction to $5,000 per day.
More broadly, money in circulation is the total money supply of a country, which can be defined in various ways, but always includes currency and also some types of bank deposits, such as deposits at call.
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China brought more people out of extreme poverty than any other country in history [75] [76] —between 1978 and 2018, China reduced extreme poverty by 800 million. [77] Between 1981 and 2019, the percentage of the population living in extreme poverty decreased from 88.1% to 0.2%. [ 78 ]