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Thursday, December 8, 2016

China Central Bank lowered the record rate of the yuan to the dollar


The yuan exchange rate to dollar has decreased on 0,34% – to 6,7008 per unit, by decision of the people’s Bank of China. This figure was the lowest since September 2010.

The decision of the International monetary Fund on the inclusion of the yuan in the basket of key currencies entered into force on 1 October 2016. Today the people’s Bank of China for the first time established a national currency after this decision.

 

source

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