Soft-spoken but no-nonsense, she oversaw the subsequent transition of the ringgit to a managedfloat in 2005 and the gradual relaxation of foreign exchange rules.
Given this timidity, China could replicate much of the flexibility of a managedfloat by shifting the yuan's peg from the dollar to a basket of currencies, at the same time widening the band within which the yuan can fluctuate, say to 10% above or below the peg.