三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Economy

RMB to remain 'basically stable' against basket of currencies: central bank

(Xinhua) Updated: 2015-12-14 19:24

BEIJING - China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated.

The fundamentals include a high economic growth rate, a large trade surplus, increasing overseas renminbi (RMB) assets accumulation, strong foreign exchange reserves, and a sound fiscal condition, the People's Bank of China (PBOC) said in a note posted on its official website.

China Foreign Exchange Trade System (CFETS) on Friday released a yuan exchange rate composite index that measures the currency's strength relative to a basket of 13 foreign currencies, including the US dollar, euro and Japanese yen, weighted according to the trade volume with China.

"Compared with just one currency, a basket of currencies can better capture the competitiveness of a country's goods and services and better enable the exchange rate to adjust import, export, and investment activities and the balance of payments position," said the PBOC.

Valuing against a basket of currencies does not mean a peg to the basket, said the PBOC in the note, adding that market demand and supply will also play a key role in formulating the interest rate.

The PBOC suggested that the market should view the RMB's strength relative to a basket of currencies rather than just the US dollar, according to a CICC Macro team report released on Monday.

But the RMB's bilateral exchange rate against the USD will continue to be the most closely watched indicator, the CICC report said.

Since the PBOC adopted the managed floating regime in 2005, it has been policy to manage the RMB against a basket. The yuan exchange rate has largely followed this regime, supplemented by necessary management in times of financial crisis or other special circumstances, the central bank said, though it did not provide further details.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices set by market players before the opening of the interbank market each business day.

The yuan weakened by 137 basis points to 6.4495 against the USD Monday, its lowest level since July 2011, according to the CFETS. The correction came after the Chinese currency had appreciated 2.93 percent against the USD as of late November, compared with the end of 2014.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成人免费黄色网 | 一级毛片欧美一级日韩黄 | 日韩精品视频免费观看 | 精品久久久影院 | 国产1区2区三区不卡 | 亚洲欧美日韩国产一区二区三区精品 | 亚洲国产精品成人综合久久久 | 99久久er热在这里只有精品16 | 中文精品久久久久国产不卡 | 三级国产在线 | 久久一区二区明星换脸 | 性生活网站| 亚洲欧美一区二区久久香蕉 | 日本不卡毛片一二三四 | 女的被到爽的羞羞视频 | 免费簧片在线观看 | 国产成人久久蜜一区二区 | 91麻豆精品视频 | 国产欧美在线一区二区三区 | 国产无人区一区二区三区 | 国产精品高清一区二区不卡 | 成人看片又黄又爽 | 在线不卡福利 | 免费黄色看片网站 | 亚洲一区二区三区高清不卡 | 亚洲精品国产精品国自产观看 | 欧美久久亚洲精品 | 国产精品美女免费视频观看 | 一级做a爱片特黄在线观看yy | 一区二区三区在线观看视频 | 亚洲国产天堂久久综合 | 国产美女视频国产视视频 | 黄色香蕉视频网站 | 亚洲精品国产精品乱码视色 | 综合久久久久久中文字幕 | 国产日韩欧美在线一二三四 | 一区二区三区在线观看免费 | 欧美国产黄色 | www亚洲视频| 欧美色片在线观看 | 一区二区不卡在线观看 |