China gaat een ‘flexibeler’ beleid voeren omtrent de yuan, de nationale munt. Hiermee signaleert de Chinese centrale bank de afloop van de koppeling van de yuan met de Amerikaanse dollar. Waarneer de hervorming van het mechanisme van de wisselkoers wordt doorgevoerd, is nog niet duidelijk.
June 20 (Bloomberg) — China said it will allow a more flexible yuan, signaling an end to the currency’s two-year-old peg to the dollar a week before a Group of 20 summit. The decision was made after the world’s third-largest economy improved, the central bank said in a statement on its website, without indicating a timeframe for the change. It ruled out a one-time revaluation, saying there is no basis for “large-scale appreciation.” “The recovery and upturn of the Chinese economy has become more solid with the enhanced economic stability,” the People’s Bank of China said. “It is desirable to proceed further with reform of the renminbi exchange-rate regime and increase the renminbi exchange-rate flexibility.”
UPDATE: Er is al de nodige commotie ontstaan op de internationale markten omtrent de eerdere berichten van een meer flexibele yuan, waardoor de Chinese centrale bank een bijkomende melding plaatste op haar website om de gemoederen te bedaren:
BEIJING (AP) — China’s central bank said Sunday it would maintain a stable exchange rate and didn’t anticipate major changes in the value of the yuan, a day after saying it would manage the currency more flexibly. In a commentary on Saturday’s announcement, the People’s Bank of China attempted to assuage fears of a major strengthening of the yuan, also known as the renminbi, or “people’s money.” “There is at present no basis for major flucuation or change in the renminbi exchange rate,” the bank said on its website. Keeping the rate at a “reasonable, balanced level” would contribute to economic stability and help restructure the Chinese economy with greater emphasis on services and consumption, the statement said.