The Limitation And Reformation Of The Actual Exchange Rate System Of RMB

The exchange rate system of RMB is a floating system, which is single, based on the supply and demand of the market and controllable. This system has made a great contribution to the development of economy and finance of our country. However, this exchange rate system cannot adapt itself to the farther development of economy. Even more, it has hampered the development of economy. Therefore, it is very necessary to reform and deepen the exchange rate of RMB. This paper mainly studies the limitation of the exchange rate of RMB and gives some measures to the reformation of the exchange rate of RMB. This paper includes four parts. The first part is the basis of the selected title , the present study studying frames are introduced . The second part theory is the base of this paper. It reviews the theory about the choice of the exchange rate. The third part objectively evaluates the active effect the exchange rate of RMB has brought to the development of economy and finance and the negative effect it will result in. The fourth part gives the reform direction of the exchange rate of RMB and some measures. This paper figures that the direction of the exchange rate of RMB is the floating system. But we should reform the exchange rate of RMB gradually.