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
June 02, 2007 | BY
clpstaff &clp articlesRenminbi allowed to appreciate further.
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%.
Related Legislation: Circular on Further Improving Administration of the Exchange Rates for Transactions on the Interbank Foreign Exchange Market and the Posted Exchange Rates of Designated Foreign Exchange Banks, Sep 14 2005, CLP 2005, No.8 p.6
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