RMB exchange rate mechanism is established in RMB convertibility used on the basis of the project.
人民币汇率形成机制是建立在人民币常用项目可兑换的基础上的。
The RMB exchange rate no longer observes closely sole US dollar, forms the richer elastic RMB exchange rate mechanism.
人民币汇率不再盯住单一美元,形成更富弹性的人民币汇率机制。
This mechanism is contrary to the applied economic condition according to the hypothesis of optimal monetary area. So, a new option has to be made for RMB exchange rate mechanism.
用最优货币区理论假说来衡量,这一制度与它所要求的经济条件之间存在很大反差,所以,人民币汇率制度存在重新选择的必然性。
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