| Journal Call no. | HF41.T733 |
|---|---|
| Article Title | Reform of China's foreign exchange system and the changing role of the SWAP centres. |
| Is Part Of | Trade watch ; 25 Mar 1994, p.1-5. |
| Abstract | On 29 December 1993, China announced a major programme to overhaul its foreign exchange system. Under the new programme, the existing foreign exchange system will be greatly simplified and rationalised. Additionally, with effect from 1 January 1994, the dual track exchange rate system was abolished and replaced by a managed floating system. |