The U.S. dollar peg is a linked exchange rate system with the U.S. dollar because the U.S. dollar is an international currency and is generally very stable or strong. The pegged exchange rate with the U.S. dollar is to maintain the stability of the RMB.

The measures are to follow the trend of the US dollar, that is, if the US dollar falls, the RMB will fall, and the same will happen if it rises. For specific information, please refer to Thailand before 1997. Before the 1997 Asian financial crisis, Thailand was linked to the US dollar. exchange rate system.

Now we have a package of monetary policies, which means we do not just focus on one currency, but put many international currencies together for reference. In this way, our exchange rate will definitely be better than when we focus on a single currency. It's safer~ It means it will fluctuate less~ In addition, our exchange rate is a managed floating exchange rate system, which reduces unnecessary large fluctuations in the exchange rate and reduces the impact of international hot money on the domestic economy~< /p>