China revalues Yuan by 2.1%

[Sandman]

BEIJING (Reuters) - China bowed to months of market and political pressure on Thursday by revaluing the yuan by 2.1 percent and abandoning the currency's decade-old peg against the dollar.

http://today.reuters.com/business/newsarticle.aspx?type=ousiv&storyID=2005-07-21T122203Z_01_N21522908_RTRIDST_0_BUSINESSPRO-ECONOMY-CHINA-DC.XML

[sogrgirl]

when all is said and done, I am glad that I purchased dinar over the yuan.

now, when I get info projecting a 400% return or more, I laugh and thank God for the opportunity to help build Iraq!