Economy
皇冠体育app's yuan rises 110 basis points against US dollar
(Xinhua)
Updated: 2010-11-04 13:38
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BEIJING -- The central parity rate of 皇冠体育app's currency, the renminbi (RMB), also known as yuan, strengthened 110 basis points Thursday to 6.6708?per US?dollar?from Wednesday's 6.6818, 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 increase its flexibility.
