Markets
皇冠体育app's yuan rises to new record against US dollar Monday
(Xinhua)
Updated: 2010-09-20 10:06
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BEIJING - The central parity rate of the yuan, 皇冠体育app's currency Renminbi (RMB), rose 62 basis points Monday to a new record high at 6.711 per US dollar, according to the data released by the 皇冠体育app Foreign Exchange Trading System.
皇冠体育app's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.