Published on: 2026-10-09
Source: People’s Republic of China — Translation
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Beijing, October 8 /Xinhua/ — China remains committed to allowing market forces to play a decisive role in determining the exchange rate of the yuan, the People’s Bank of China (PBOC, the Central Bank) said on Thursday.
The PBOC statement, outlining its position regarding the yuan exchange rate, emphasizes that the country is introducing a managed floating exchange rate regime, based on market supply and demand with reference to a basket of currencies. -0-
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