摘要
Caijing Issue No.22,2015Yet Another Test for the RMB Following a 13O-character announcement by the People’s Bank of China(PBOC)on August 11,the central parity of RMB against the U.S.dollar shed 1.8 percent of its value,the largest single-day fall in 21 years.In
Following a 130-character announcement by the People＇s Bank of China （PBOC） on August 11, the central parity of RMB against the U.S. dollar shed 1.8 percent of its value, the largest single-day fall in 21 years. In the three ensuing trading days, the RMB-dollar rate declined by 3,000 basis points, a slide that polarized frenzied attention around the globe.
