China abandons the dollar

The medium of the Bank of China can in a day to buy 5 thousand dollars. USA on pre-ordering — 10 thousand dollars. USA. In a week the population of Shanghai can make up to 3 orders for the purchase of foreign currency.

Individuals per year are allowed to buy up to 50 thousand dollars. USA. We will remind, recently collapsed, the Chinese stock market, which led to the outflow of foreign capital from the country. Investors felt that it will lead to a weakening Chinese economy and started buying German bonds. The people’s Bank of China had lowered the exchange rate of the yuan to the dollar at the level of 0.51% to 6,5646. Such a low rate China has seen since March 2011.
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