The currency allowed the new administration to unify the Chinese economy which was then divided among several regional currencies. It also distinguished the new administration from the previous government whose policies had led to high levels ofhyperinflation. The RMB was revalued at a rate of 10,0...
A key takeaway message is that any exchange rate policy should take into account its effect on market expectations to avoid unnecessary exchange rate and capital flow volatilities. Journal of Economic Literature Classification: F31, F32Mei Li
a其中合同号123的人民币对美金汇率有原来的1:6.25改为1:6.3 Contract number 123 Renminbi have original to a dollar exchange rate 1:6.25 change 1:6.3[translate]
China's central bankmonetary policy Committee member Xia Bin said on Tuesday that in the long term, the renminbi must be gradually appreciated, and the floating range of the exchange rate may gradually expand, and the one-off appreciation will not be ruled out. Xia Bin made the above remarks...
The 36 chambers of Commerce said in their letter that their strong opposition is based on a number of reasons. First, there is no accepted way to determine what a country's exchange rate will be when it is not determined by the market. Therefore, it is certain that the appropriate value...