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Directory Of Year 1994, Issue 26
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Current Location:English » 199426 » Merger of Dual Exchange Rates Stabilizes Swap Markets
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Merger of Dual Exchange Rates Stabilizes Swap Markets

Year:1994 Issue:26

Column: DOMESTIC

Author: Our Staff Reporter Li Ning

Release Date:1994-06-27

Page: 16-18

Full Text:  

On January 1, 1994, China merged its dual exchange rates and abolished the official exchange rate of the Renminbi (People's Currency). Since that time, the People's Bank of China has announced the...

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