Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
Kyrgyz president sees revival of relations with Russia as major result of his tenureWorld June 23, 20:49
Ex-premier says initiative to impeach Poroshenko stems from Ukraine’s economy collapseWorld June 23, 20:20
This week in photos: Confederations Cup opening and summer solstice celebrationsSociety & Culture June 23, 19:11
Turkish ambassador to Russia: Moscow and Ankara to join efforts in war on terrorWorld June 23, 18:45
Ukraine’s finance ministry files appeal to London Court against Russia in $3 bln debt caseBusiness & Economy June 23, 18:42
Ukrainian society tired of Poroshenko’s policy — expertRussian Politics & Diplomacy June 23, 17:58
Deutsche Welle sees Russian international broadcasters as threat to European ideasWorld June 23, 17:34
Watchdog claims Telegram provides means of communication to terroristsBusiness & Economy June 23, 16:45
BEIJING, August 12. /TASS/. China’s central bank on Wednesday devalued the national currency, the yuan, by 1.62% to 6.33 per dollar, the lowest rate since September 2012.
The move comes following the publication of statistic data for July. The People's Bank of China said there are no economic or financial preconditions for the continuous depreciation of the yuan against the dollar.
On Tuesday, the People’s Bank of China changed its way of calculation of the yuan-dollar exchange rate.The yuan rate was lowered by 1.9% to 6.2 per dollar, a record high drop in the last 20 years.
The regulator said that the decision to optimize the calculation method was made considering the positive balance of China’s foreign trade and the strong position of the yuan against the currencies of other countries.