Yuan updated its minimum since March having dropped to 6.5202 for $1
Date: 09:23, 06-05-2016.
Almaty. May 6. Silkroadnews – The People's Bank of China lowered yuan against dollar to 6.5202, which is the lowest since March 28, 2016, TASS reports.
On August 11, 2015, Central Bank of China announced the decision to “optimize the methodology for calculating” the exchange rate, taking into account the positive balance of foreign trade in China, as well as the strong position of the yuan against the currencies of other countries. Within next three days yuan got devalued against dollar by 4.6%.
