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| July 22, 2005 | Friday | Jumadi-us-Sani 14, 1426 |
China revalues currency
BEIJING, July 21: China Thursday revalued its currency and scrapped the yuan’s decade-old peg to the dollar in favour of a managed float against a basket of currencies, caving in to intense pressure from trading partners led by the United States.—AFP
Details on Business section
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