[Breaking] Chinese Yuan Official Exchange Rate Surpasses 7 Yuan
[Asia Economy Beijing=Special Correspondent Kim Hyunjung] Recently, amid the strengthening of the US dollar, the yuan exchange rate has surged daily (yuan value decline), pushing China's yuan reference exchange rate above 7 yuan.
On the 26th, the Foreign Exchange Trading Center under the People's Bank of China announced the yuan's central parity rate against the dollar at 7.0298 yuan, up 0.0378 yuan from the previous trading day.
Bloomberg reported, "This is the first time since 2020 that the People's Bank of China has set the yuan exchange rate above 7 yuan per dollar."
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