China’s central bank lowered the rate of the yuan till the lowest level since October 2010
Date: 10:05, 18-07-2016.
Almaty. July 18. Silkroadnews – The People’s Bank of China (Central bank) lowered the rate of national currency Renminbi (the official name of the yuan) to the dollar by 0.23% to 6.6961 per unit, TASS reports.
This is the new minimum rate recorded since October 2010.
Earlier the State Council and the People’s Bank of China said about necessity to support the RMB exchange rate stability, keeping it at a “reasonable and balanced” level.
At the economic forum “The Annual Meeting of the New Champions 2016” in Tianjin China’s State Council Premier Li Keqiang also said there are no reasons for yuan’s long-term devaluation.
