2005年7月21 onwards ,
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asics 16, with reference to a basket of currencies , a managed floating exchange rate system. In recent years, the RMB exchange rate formation mechanism reform an orderly way ,
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news site ,
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in this most serious international financial crisis , many national currency devaluation against the dollar , while maintaining the basic stability of RMB exchange rate , for the international financial crisis has played an important role in Asia and the global economy Made great contributions to the recovery , but also demonstrates our efforts to promote global economic balance .
domestic and international economic and financial situation and China's international balance of payments, the People's Bank of China decided to further promote the reform of RMB exchange rate formation mechanism , strengthen the RMB exchange rate flexibility.