4 ms·
>it’s exchange rate is set by fiat. Trade might be controlled, but definitely not flat http://www.xe.com/currencycharts/?from=USD&to=CNY&view=10Y http://www.
by leemailll 9y ago
>it’s exchange rate is set by fiat.
Trade might be controlled, but definitely not flat
http://www.xe.com/currencycharts/?from=USD&to=CNY&view=10Y http://www.xe.com/currencycharts/?from=USD&to=CNY&view=10Y
- seanmcdirmid 9y agoThey directly adjust the exchange rate each day, it is not set by the market. There is a market based rate in Hong Kong for RMB (referred to as CNH), but it necessarily closely follows the government rate.