S [/ dropcap] After such as the USA declared China a » money manipulator», the National Bank of China (PBC) again lowered the yuan rate. So , on August 8, the renminbi rate (the official name of the Chinese hard currency ) was reduced by 7.0039 yuan due to the dollar .
According to the statistics of the regulator, it probably makes little sense since April 21, 2008. The past anti-record was set in advance , on August 7, as soon as the NBK lowered the rate for the minimum amount since May 15, 2008. In general, the yuan placed on an unprecedented low of 11 years level.
The devaluation of the yuan to the South American hard currency continues for more than the 6th working day in a row, for the first time since 2008 the exchange rate has broken the emotional mark of 7.0. The USA explains this trend by saying that China is unleashing a monetary war, while in China itself, these complaints are refuted .
At the stock exchange the RMB is traded according to 7.0432 dollar .
The devaluation of the yuan against the American hard currency continues for the 6th working day in a row
As the chief economist of the Qianhaikaiyuan Foundation, Yang Delong, said, «the players are obliged to preserve peace and confidence in the unified directions of the bazaar .» According to Yang Deluna, » reasons for long-term devaluation of the yuan against the greenback absent .»