China Scraps Yuan Peg To U.S. dollar

SHANGHAI, CHINA - JULY 22: (CHINA OUT) A clerk counts stacks of Chinese yuan and U.S. dollars at a bank on July 22, 2005 in Shanghai, China. The People's Bank of China, the central bank, announced they would scrap the yuan's decade-old peg to the U.S. dollar and phase in a flexible mechanism of the yuan exchange rates. The exchange rate of yuan vs U.S. dollar was announced at 8.11 vs 1 on July 22. (Photo by China Photos/Getty Images)
SHANGHAI, CHINA - JULY 22: (CHINA OUT) A clerk counts stacks of Chinese yuan and U.S. dollars at a bank on July 22, 2005 in Shanghai, China. The People's Bank of China, the central bank, announced they would scrap the yuan's decade-old peg to the U.S. dollar and phase in a flexible mechanism of the yuan exchange rates. The exchange rate of yuan vs U.S. dollar was announced at 8.11 vs 1 on July 22. (Photo by China Photos/Getty Images)
China Scraps Yuan Peg To U.S. dollar
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Credit:
China Photos / Stringer
Editorial #:
53269966
Collection:
Getty Images News
Date created:
22 July, 2005
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Source:
Getty Images AsiaPac
Object name:
53267235GZ023_Yuan_Dollar