Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (43119)	12/18/2003 5:23:06 PM
From: RealMuLan	Read Replies (2) of 74559

>>(b) they believe RMB will rise against USD at some point.<< A friend of mine in Shanghai told me that now on black market in Shanghai, US$1 can only exchange for 6 Yuan, although official rate is still 1:8.27 (for people with valid passport). I remembered back in 1993, both official and black market exchange rate was 1:6

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