China May Calculate Yuan Exchange Rate Against Basket of Currencies
China may calculate the yuan's exchange rate against a basket of currencies, instead of only against the greenback, a Chinese central bank official said July 22, 2010. The People's Bank of China, or the Central Bank, may publish the nominal…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
effective exchange rate on a regular basis, Hu Xiaolian, deputy governor of the PBOC, said in a signed article published on the PBOC website.