PBOC Interview zu CNY

verfasst von kingsolomon, 19.10.2004, 15:12

-->The scramble around for a reason behind the fall in USD/JPY has revisited the story in today's Beijing Morning Post (http://www.morningpost.com.cn/), where the rarely interviewed PBOC MPC member Yu Yongding is described declaring CNY flexibility as 'feasible' in an article in 'China Exchange Control', the magazine of the national FX administrative bureau (search 'more talk'). In the article Yu asks the rhetorical question 'if the Renminbi appreciates 1, 2 or even 3%, or depreciates a similar amount does that mean it is unstable? Obviously not' (with all due thanks to Babel Fish and a modicum of licence). Someone, somewhere has extrapolated this into an imminent revaluation of 3% - we expect they will be disappointed
Quelle:4CAST

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• PBOC Interview zu CNY - kingsolomon, 19.10.2004, 15:12