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15. Foreign exchange management system reform achieved significant progress in 1996
(People's Daily Online)
Updated: 2008-10-30 17:24

On December 1, 1996, China began to accept the terms of the 8th Article of International Monetary Fund Agreement and made RMB convertible under current account. Meeting the requirement of International Monetary Fund ahead of schedule marks China's foreign exchange management system reform has achieved significant progress.

15. Foreign exchange management system reform achieved significant progress in 1996