Financial Penalty of 82,000 Yuan Imposed on Hubei Luotian Rural Commercial Bank for Currency Management Violations

Deep News

08/14

A penalty of 82,000 yuan has been levied against Hubei Luotian Rural Commercial Bank Co., Ltd. for failing to comply with circulating RMB management regulations and anti-counterfeit RMB rules.

According to an administrative penalty disclosure from the Huanggang City branch of the People's Bank of China, the bank received a warning and a fine of 82,000 yuan for these violations.

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