China: reforming the Renminbi/Yuan exchange rate

Today, the People´s Bank of China announced that it has decided to proceed further with reform of the RMB exchange rate regime and to enhance the RMB exchange rate flexibility.

Please follow the links below for further info:

- PBC's announcement

- Statement by IMF Managing Director Dominique Strauss-Kahn

- A timeline of China's reform of the RMB exchange rate (by Reuters)