20 Yuan RMB 6.5294 Hit A New High
Learned from the China foreign exchange trading center, April 20th.
RMB
The middle price of the US dollar against the US dollar was 6.5294 yuan against the RMB, up 52 basis points from the previous trading day (6.5346), setting a new high since the 1 exchange rate reform.
In the inter-bank foreign exchange market, the central parity of RMB against other currencies is 1 yuan to RMB 9.3792 yuan, 100 yen to RMB 7.8829 yuan, 1 Hong Kong dollars to RMB 0.83957 yuan, 1 pounds to RMB 10.6606 yuan, 1 yuan to 0.46221 ringgit, RMB 1 yuan to 1 Russian ruble.
Yu Yongding, a member of the Chinese Academy of Social Sciences and a member of the central bank's former monetary policy committee, put forward the view that "two evils should be taken lightly" in this year's China Development Summit.
He believes that China's high foreign reserves are shrinking due to the depreciation of the US dollar, and that the simplest way to reduce the loss of China's foreign exchange reserves is to keep the central bank from interfering with the foreign exchange market.
"There is no doubt that if the central bank stops interfering, the RMB exchange rate will rise.
In this way, China will accept it.
Export slide
,
Rising unemployment
The consequences. "
Yu Yongding said that China must take the two evils of the right to take lightly: or now bear the short-term pain caused by the appreciation of the renminbi, or the painful reality that it will not be able to buy huge foreign exchange reserves in the future.
He believes that the Chinese government is financially strong and should have the strength to help foreign trade enterprises and workers overcome difficulties arising from the appreciation of the renminbi during the pformation period.
Xia Bin, director of the State Council counselor, the central bank monetary policy committee, and director of the Financial Research Institute of the State Council Development Research Center, held in an exchange meeting held by NetEase in April 19th, said that under the current circumstances, the excessive appreciation of RMB is not conducive to China's economic and social stability. But in the long term, the gradual appreciation is necessary; in terms of specific operation, the floating range of the exchange rate should be expanded, and the situation of one-time appreciation will not be ruled out.
- Related reading
On The 18 Day, The Central Parity Of RMB Dropped By 6.5310 Points By 9 Basis Points.
|- Domestic data | Nylon FDY Commodity Index Was 78.68 In January 20Th.
- Domestic data | Nylon DTY Commodity Index Was 73.76 In January 20Th.
- Domestic data | Dry Cocoon (3A Or Above) Commodity Index Was 141.46 In January 20Th.
- Domestic data | Polyester FDY Commodity Index Was 61.77 In January 20Th.
- Domestic data | Polyester DTY Commodity Index Was 81.42 In January 20Th.
- Domestic data | Polyester POY Commodity Index Was 54.58 In January 20Th.
- Domestic data | Polyester Staple Fiber Index Was 86.12 In January 20Th.
- Domestic data | The Spandex Commodity Index Was 77.73 In January 20Th.
- Domestic data | Viscose Staple Fiber Index Was 103.37 In January 19Th.
- Domestic data | Raw Silk (Domestic Commodity Inspection) Commodity Index Was 113.53 In January 19Th.
- Haibo Will Further Strengthen Taiwanese Businessmen's Confidence In ECFA
- This Year, The Price Of The New Sandals Is A Bit "&Nbsp".
- 青岛“空壳洋品牌”不少 买品牌服装先看注册地
- 台湾辅料首次亮相海博会
- Shoe Fair: Cross Strait Cooperation Promotes Shoe Industry Upgrading
- Foreign Artists Will Turn Out Shoes To Make Facial Shoes.
- The Supreme Law Will Start The Drafting Of Judicial Interpretation Of Network Copyright Protection.
- 百搭白衬衫 年年有新意
- The Ministry Of Industry And Commerce Announced That The Textile Industry Increased By 10.4% In The 1 Quarter Of This Year, With An Increase Of 22.3%.
- Wuhan Built 30 Thousand Public Rental Housing &Nbsp, And Migrant Workers Can Apply.