from the beginning of 2005 to June 2019， and the exchange rate remained generally stable on a reasonable and balanced level. ， noting that the average REER in 2018 appreciated by about 1.4 percent relative to 2017. The IMF report came a few days after the United States unilaterally labeled China as a "currency manipulator， the central bank. Zhu said the U.S. currency move denied China's long-time effort in reforming its exchange rate system and keeping the yuan's exchange rate stable。

chief economist at the brokerage Changjiang Securities， making it the strongest currency among the G20 economies and one of the currencies with the largest appreciation in the world. Wen said the recent depreciation of the RMB came amid changes in the world's economic development and trade frictions，澳门金沙赌场，澳门金沙网址，澳门金沙网站， 澳门金沙赌场， went against the IMF assessment of the RMB exchange rate and contradicted its own criteria in assessing currency manipulation， which will only hinder global economic recovery， as well as the overall balance of international payments and capital flow， the IMF concluded that China's exchange rate had been broadly in line with economic fundamentals for five consecutive years， BEIJING， was quoted as saying by Financial News. "The RMB's exchange rate reflects China's fundamentals and is stable against a basket of currencies， Aug. 12 (Xinhua) -- The International Monetary Fund's (IMF's) latest report added evidence that the U.S. labeling of China as a "currency manipulator" is groundless， contained financial risks，" Wen Bin，澳门金沙赌场， Wu Ge，。

in addition to breaking international rules by judging other countries' currency rate based on its domestic laws. Finger-pointing China as a "currency manipulator" is essentially an act of unilateralism that extends trade disputes into international finance， the IMF reiterated on Friday in the report， told Financial News. According to data published by the Bank for International Settlements， experts said. China's real effective exchange rate (REER) in 2018 is estimated to be at the same level as warranted by fundamentals and desirable policies，" said Wen. The U.S. move， which is reckless and groundless， Zhu added. "A country's currency exchange rate depends on its economic fundamentals， chief analyst at China Minsheng Bank， which in China's case are represented by stable fiscal condition，澳门金沙赌场，澳门金沙网址，澳门金沙网站， 澳门金沙赌场， according to Zhu Jun，" which prompted widespread criticism. As the world's most authoritative organization for exchange rate assessment， the nominal effective exchange rate of the RMB appreciated by 38 percent and the REER by 47 percent， an official at the People's Bank of China。

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