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Caution In Promoting Foreign Exchange Reform Without Further Emphasis On Reference To A Basket Of Currencies

2014/3/17 18:43:00 12

Currency ReformMonetary Policy

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Analysis: The Significance Of Widening The Trading Range Of RMB

When China doubled the RMB trading range last Saturday, the central bank announced that the move was designed to allow market forces to determine the long-term controlled Renminbi exchange rate. If that sounds familiar, it is the same thing that the people's Bank of China (PBoC) once doubled the RMB trading range in April 2012.