Sunday, March 07, 2010

Yuan, the renminbi, may rise against the U.S. dollar

Central bank Governor Zhou Xiaochuan remarked that China may allow the Yuan (元), also known as the renminbi, to rise against the U.S. dollar. Inflation in China is picking up as the economy recovers, a problem that could result in social unrest. A stroner currency could help address inflation.

Zhou Signals Yuan Policy Shift [via]

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