What they did was to change their method of controlling the Yuan by switching to a more market driven method endorsed by IMF. The end result was that market forces steps in to bring it down by 4%
IMF was pretty pleased with them adopting the new mechanism (despite all this while criticizing China for undervaluing its currency)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Icon8888
18,659 posts
Posted by Icon8888 > 2015-10-12 23:51 | Report Abuse
China is starting Yuan denominated Oil Futures soon
That will provide the platform to trade oil in Yuan