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Legal system of RMB exchange rate
On July 2, 2005,1day, 19:00, an exciting moment, China's exchange rate legal system completed a historic leap, which was the first major reform at the institutional level since 1994. At this point, China's RMB exchange rate legal system has changed from the original pegged exchange rate system to a managed floating exchange rate system, which is specifically determined by the market supply and demand relationship and adjusted with reference to a basket of currencies. The change of RMB exchange rate legal system directly determines the stormy course of foreign exchange management legal reform.

The legal system of foreign exchange management serves the ultimate marketization and internationalization of RMB exchange rate. At the same time, it also serves the ultimate goal of the foreign exchange management system-RMB internationalization. With the establishment of the new RMB exchange rate legal system, the disadvantages of the current foreign exchange management legal system are increasingly exposed. In order to clarify the problems that foreign exchange management agencies need to solve under the new exchange rate system, this article is featured. The article is divided into four parts, which respectively expounds the legal system of RMB exchange rate and foreign exchange management, and analyzes the advanced nature of the current legal system of RMB exchange rate from many angles.

Based on Marxist materialist dialectics, this paper discusses the implementation measures and development trend of RMB exchange rate legal system, and puts forward legislative suggestions to improve the legal system of foreign exchange management on the basis of WTO principles and IMF rules. The full text draws the conclusion that the foreign exchange management legal system that was adapted to the RMB exchange rate legal system before the exchange reform is no longer adapted after the exchange reform. We should revise the regulations on foreign exchange management as soon as possible and introduce a number of policies and regulations to adapt to the new foreign exchange system.