Central bank works to swiftly allocate relief fund
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The People's Bank of China, the central bank, said Friday it had set up special mechanisms to make sure relief funds could be promptly allocated from the State Treasury.
By 6 p.m. Thursday, the State Treasury Bureau had allocated a total of 260 million yuan (38 million U.S. dollars) for the relief, and its branches in the quake-hit Qinghai Province had allocated 612 million yuan.
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