BEIJING (AFX) - China's National Foreign Exchange Center has set the central parity rate for China's yuan at 8.0270 to the US dollar.
The rate, published on the official Chinamoney website, compares with the midpoint of 8.0280 set yesterday.
The central bank allows a trading band of 0.3 pct on either side of the central parity rate. China scrapped the yuan's 11-year-old peg against the dollar on July 21 last year.
jianlin.li@xinhuafinance.com
ljl/dk
© 2006 AFX News
