The Central Bank of China has now ordered its commercial banks to suspend cash transfers for three days and foreign currency conversions for nine days, starting on Jan. 30.

The central bank in China is now the latest to roll out capital controls. Credit: Carpkazu via Wiki

The central bank in China is scrambling for cash under the guise of "system maintenance." Credit: Carpkazu via Wiki

Affecting every commercial bank in China, the ban will stop domestic renminbi transfers from Jan. 30 to Feb. 2 and conversions of renminbi to foreign currency from Jan. 30 to Feb. 7.

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