Today in China

A somewhat biased view on China…

May 16, 2006

7.9982 RMB

100 RMBThat’s it! We are below 8 RMB for 1 USD… It’s the first time since last July’s first reevaluation of the RMB. At that time you needed 8.11 RMB for 1 USD. And it seems that it will still continue, since experts are expected the yuan to rise to 7.8 against the USD before the end of the year!

Grrrrr!!! Everything is rising against the USD. The euro is worth 1.2826 USD this morning, the yuan is rising also and… I’m paid in USD!!! grrrrr

Source
China Daily - 2006 05 16

4 Responses to “7.9982 RMB”

  1. Pumaboy Says:
    May 17th, 2006 at 11:19 am

    Good news ;)

  2. Thierry Says:
    May 17th, 2006 at 11:25 am

    grrrrr :-(

  3. Pumaboy Says:
    May 17th, 2006 at 6:20 pm

    I m paid in euros, sorry ;)

  4. Thierry Says:
    May 17th, 2006 at 6:24 pm

    Yeah! So Saturday after the play, you will invite us for a drink? :-P

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