China Scraps Yuan Peg To US dollar

BEIJING - JULY 22: (CHINA OUT) A clerk counts stacks of Chinese yuan at a bank on July 22, 2005 in Beijing, China. The People's Bank of China, the central bank, announced on July 21 to scrap the yuan's decade-old peg to the U.S. dollar, and in stead 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 US dollar
BEIJING - JULY 22: (CHINA OUT) A clerk counts stacks of Chinese yuan at a bank on July 22, 2005 in Beijing, China. The People's Bank of China, the central bank, announced on July 21 to scrap the yuan's decade-old peg to the U.S. dollar, and in stead 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)
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Editorial #:
53279555
Collection:
Getty Images News
Date created:
July 22, 2005
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Source:
Getty Images AsiaPac
Object name:
53267235SH014_Yuan_Dollar