People's Bank of China, Announcement on Enlarging the Floating Range of the Transaction Price Between the Renminbi and US Dollar on the Interbank Spot Foreign Exchange Market

中国人民银行关于扩大银行间即期外汇市场人民币兑美元交易价浮动幅度的公告

Renminbi allowed to appreciate further.

1 minute readJune 02, 2007 at 12:58 AM

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& clp articles

Issued: May 18 2007

Main Contents: With effect from May 21 2007, the floating range of the transaction price between the renminbi and US dollar on the interbank spot foreign exchange market shall be enlarged from plus or minus 0.3% to plus or minus 0.5%.

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