Yuan at 6.9255 vs. the last close of 6.9155
In recent trade, the People’s Bank of China (PBOC) set the yuan at 6.9255 vs. the last close of 6.9155. The Chinese government maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions. The CNH is not as tightly controlled as its […]