EVENT INFORMATION

21
Yüli
2005

China reforms its renminbi exchange-rate regime

← Bula bèk na Dashboard
📅 21 Yüli 2005 📍 China, Global

The People’s Bank of China moved from a strict US dollar peg toward a managed floating exchange-rate regime referencing a basket of currencies, and revalued the renminbi. The step responded to domestic reform priorities and international pressure over trade imbalances. It illustrates how China negotiated monetary sovereignty within a dollar-centered global financial system.

Inisiá sesion pa gusta òf marká e relato aki.
🔖 Marká

Personanan den e suseso aki

Zhou Xiaochuan

Organisashonnan den e Evento aki

People’s Bank of China

State Administration of Foreign Exchange