Exchange rate
(Reuters)
Updated: 2006-05-17 16:49
An exchange store
staff shows a Chinese 100 yuan banknote (L) and a US$100 banknote in Hong
Kong May 16, 2006. A recent rise in the yuan signals China has a more
flexible currency and the government will press ahead with reforms, a
Foreign Ministry spokesman said on Tuesday. The yuan briefly strengthened
past 8 per dollar on Monday for the first time since authorities revalued
the currency by 2.1 percent last July and abandoned a dollar peg in favour
of a managed float. [Reuters] |
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