Recently, the RMB exchange rate fluctuates frequently. After experiencing the oolong thriller of RMB exchange rate breaking seven on February 28th, 2006 from 2065438, the New Year's Day was still calm. 165438 on October 3rd, RMB exchange rate ushered in the first show of 20 17. According to the data of China Foreign Exchange Trading Center, the central parity rate of RMB against the US dollar was reported at 6.9498, down 128 basis points from 65438 on February 30th. In the spot market, the RMB opened at 6.9540 against the US dollar, and the offshore RMB rose nearly 70 points to regain the 6.98 mark.
In view of the frequent amplitude of RMB exchange rate, which is in danger of breaking 7%, the central bank issued a clarification message, and urged the State Administration of Foreign Exchange to issue a timely answer to reporters' questions on improving the management of personal foreign exchange information declaration, repeatedly stressing that improving personal foreign exchange declaration does not involve the adjustment of personal foreign exchange management policies, and the amount of personal annual foreign exchange purchase facilitation has not changed; However, the changes caused by individuals from 65438+ 10 1 to the purchase of foreign exchange by banks still make the market talk: the foreign exchange bureau has increased the requirements for foreign exchange purchase documents, aiming at strengthening the authenticity supervision of foreign exchange purchase purposes by refining the declaration contents.
In addition, the foreign exchange bureau stressed in the application that domestic individuals should not falsely declare their information about purchasing foreign exchange, provide false certification materials, lend their own facilitation quotas to help others purchase foreign exchange, and borrow others' facilitation quotas to implement split foreign exchange purchases. They should not be used for overseas capital projects such as buying houses and investing in securities, buying life insurance and returning dividend insurance for investment, and should not participate in illegal activities such as money laundering, tax evasion and underground bank transactions.
At the beginning of 20 17, the new foreign exchange management regulations of the State Administration of Foreign Exchange (SAFE) were somewhat unexpected. This move is essentially a helpless move to deal with the possible continued depreciation of the RMB exchange rate. It is of course necessary for the State Administration of Foreign Exchange to do so, but I just don't understand why the RMB exchange rate breaking seven will not only touch the sensitive nerves of the Chinese people, but also make them panic. Moreover, even the central bank is nervous and calls "breaking seven" a psychological barrier. Is this the psychological limit that the public can bear for RMB depreciation, or is it the bottom line that the central bank must stick to in RMB exchange rate? It's really confusing and meaningless.
To be fair, ordinary people are worried about the RMB "breaking seven". After all, the RMB exchange rate has indeed depreciated too much over the past year or so. Since the exchange rate reform of 2015 "8.11",the accumulated depreciation of RMB has exceeded 10%, which has caused the wealth of ordinary people to shrink.