Answer: B199365438+On February 28th, the People's Bank of China issued the Announcement on Further Reforming the Foreign Exchange Management System. It is announced that the foreign exchange income settlement system will be implemented from 1 994 65438+1October1,the foreign exchange sharing will be abolished, the bank settlement and sale system will be implemented, and the RMB will be conditionally convertible under the current account; Establish a bank foreign exchange market, improve the exchange rate formation mechanism, and implement a single and managed floating exchange rate system based on market supply and demand.