USA

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.

Source:news.rusrek.com
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please disable your ad blocker

We know you are here for the stories. Not the ads. But we need the ads to keep the lights on. So please whitelist Buzzon.live.