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RMB rate reduced to a minimum since December 2018


On August 5, the People’s Bank of China lowered the renminbi (the official name of China's currency. - RT) by 229 basis points to 6.9225 yuan per dollar.

According to TASS, referring to the statistics of the regulator, this is the lowest rate since December 3, 2018.

It is noted that the fall of the Chinese currency to the dollar is the third day in a row.

Earlier, Academician of the Russian Academy of Sciences, President of the Institute of World Economy and International Relations of the Russian Academy of Sciences Alexander Dynkin, in an interview with Rossiyskaya Gazeta, appreciated the role of the US dollar in the global financial system.

Source: russiart

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