Reuters logo
China PBOC's Yi says stronger yuan attests to currency reforms
July 11, 2013 / 8:01 PM / 4 years ago

China PBOC's Yi says stronger yuan attests to currency reforms

WASHINGTON, July 11 (Reuters) - The Chinese yuan’s appreciation this year against a strong U.S. dollar - a nominal 2 percent, and 6 percent in real effective exchange rate terms - shows that currency reforms are taking root, People’s Bank of China Deputy Governor Yi Gang said on Thursday.

“That indicates our exchange-rate reform has achieved substantial progress,” Yi told reporters on the sidelines of annual U.S.-China economic talks in Washington. He said the goal of China’s currency reforms remains a market-based exchange rate.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below