--FILE--A Chinese bank clerk counts RMB (renminbi) yuna banknotes at the headquarters of HSBC China in the Lujiazui Financial District in Pudong, Shan

--FILE--A Chinese bank clerk counts RMB (renminbi) yuna banknotes at the headquarters of HSBC China in the Lujiazui Financial District in Pudong, Shan Stock Photo
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Image details

Contributor:

Imaginechina Limited / Alamy Stock Photo

Image ID:

W9ARHJ

File size:

29.2 MB (526.9 KB Compressed download)

Releases:

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Dimensions:

3900 x 2616 px | 33 x 22.1 cm | 13 x 8.7 inches | 300dpi

Date taken:

9 June 2010

Photographer:

Imaginechina

More information:

--FILE--A Chinese bank clerk counts RMB (renminbi) yuna banknotes at the headquarters of HSBC China in the Lujiazui Financial District in Pudong, Shanghai, China, 9 June 2010. China will keep the yuans exchange rate at a basically stable level, the central bank said on Sunday (20 June 2010), suggesting that the countrys new currency regime will look a lot like the old one. China announced on Saturday that it would resume making the yuan more flexible, signaling that it was ready to break a 23-month-old peg to the dollar that had come under intense international criticism. But in a lengthy statement about how reform would proceed, the central bank explicitly ruled out a one-off revaluation, repeatedly said there was no basis for any big appreciation and added that the currencys value was not far off its fair level.