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Cryptocurrency Q&A Why is rmb pegged to USD?

Why is rmb pegged to USD?

KimonoElegantGlitter KimonoElegantGlitter Thu Nov 14 2024 | 6 answers 1595
I'm wondering about the reason why the Chinese currency, Renminbi, is pegged to the US Dollar. I want to understand the economic rationale behind this currency peg. Why is rmb pegged to USD?
rmb pegged usd

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