Money
Yuan hit record high against USD Monday
(Xinhua)
Updated: 2010-07-12 11:26
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BEIJING - The central parity rate of the yuan, 皇冠体育app's currency Renminbi (RMB), stood at 6.7718 per US dollar Monday, a new record high, 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 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.