China has sharply lowered its yuan exchange rate against the dollar

China has sharply lowered its yuan exchange rate against the dollar


Index Thursday, when the dollar was 6,5646 yuan is the lowest level since August 2015, when Beijing loosened its currency to the U.S. dollar.

BEIJING, 7 Jan. Zhanna Manukyan. China on Thursday downgraded 0.51% the value of the Renminbi to the dollar, which was the lowest level since August, data shows China Foreing Exchange Trade System.

On Thursday, the dollar was 6,5646 yuan — the lowest since August 2015, when the Bank of China has sharply weakened its currency to the U.S. dollar.