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| RMB Hits 7.87 to One U.S. Dollar |
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The value of the Renminbi (RMB) against the U.S. dollar hit a new high Thursday, with the central parity rate at 7.8697 yuan to one dollar, breaking the 7.87 mark. The market exchange rate of the RMB against the U.S. dollar closed Wednesday at a record 7.8661 yuan against one dollar. (Xinhua News Agency November 9, 2006)
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