CHINA-ASEAN MONETARY INDEX ISSUED IN NANNING

NANNING, China, Dec. 18, 2015 /Xinhua-AsiaNet/--

China Finance Corporate and Nanning Municipal jointly issued their first China-ASEAN Monetary Index(CAMI) on Tuesday in Nanning, capital city of Guangxi Zhuang Autonomous Region in Southern China. According to the index, the Chinese currency yuan, or Renminbi, has appreciated faster than that of ASEAN countries, and the rate is also faster than the appreciation of U.S. Dollar against ASEAN countries' currency. CAMI is a comprehensive representation of the fluctuation of monetary exchange rate between Renminbi and currencies of ASEAN countries based on the data of monetary exchange rates of major currencies and trade between China and ASEAN countries. The index will provide efficient reference basis on monetary exchange for China-Asean Free Trade Area(CAFTA) and promote monetary and financial cooperation. http://mrem.bernama.com/viewsm.php?idm=25955