摘要
Despite depreciation,the renminbi is on its way to becoming an international currency The central parity rate of China’s currency weakened to 6.8796 against the U.S.dollar on November 18,an eight-year low,according to data from the China Foreign Exchange Trade System(CFETS),triggering market worries that the currency could be about to tumble.
Despite depreciation,the renminbi is on its way to becoming an international currency The central parity rate of China’s currency weakened to 6.8796 against the U.S.dollar on November 18,an eight-year low,according to data from the China Foreign Exchange Trade System(CFETS),triggering market worries that the currency could be about to tumble.