Jump to content
xisto Community
Sign in to follow this  
eInfiniti

Why Is The Rmb-Us Dollar Exchange Rate Regulated By China? Will the Renminbi appreciate substantially in the near future?

Recommended Posts

The Chinese currency, Renminbi or RMB, is not freely exchangeable. I know that. But, I simply don't understand why its exchange rate with the world's major currencies, including the US dollar, is set/regulated by China. The US has wanted China to allow the RMB to appreciate in value more quickly but has failed so far. Any foreign exchange transaction involves two currencies. I just don't understand why the rate is set/regulated by one side, not negociated.Would you think that the RMB will appreciated substantially in the near future? Why?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...

Important Information

Terms of Use | Privacy Policy | Guidelines | We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.