RMB Real Effective Exchange Rate Rose 2.29% In August
international
Clearing bank
(BIS) the latest statistics show that the RMB is effective in August.
exchange rate
The index is 120.39, rising by 2.29%.
This year, the effective exchange rate of RMB has appreciated by 0.38%.
The nominal effective exchange rate index of RMB was 112.54 in that month, rising by 0.58%.
In August, the renminbi appreciated faster against the US dollar and the US dollar to the central parity of RMB.
New heights
The average monthly exchange rate of the US dollar against the central parity of RMB is 6.4090.
The renminbi has also appreciated against the euro.
The central bank proposed in the second quarter of 2011 China monetary policy implementation report that we should rationally use interest rate, exchange rate, open market operation, deposit reserve ratio and macro level in the next stage.
Careful
Management and other policy tools.
In accordance with the principle of initiative, controllability and gradualism, we should further improve the RMB exchange rate formation mechanism and give full play to the basic role of market supply and demand in the formation of exchange rate.
A basket of currencies
We should make adjustments to enhance exchange rate flexibility and keep the RMB in reasonable terms.
equilibrium
The basic stability on the level promotes the basic balance of international payments.
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