Policy makers in mid-June said they would allow the yuan to move beyond its narrow band and trade at a more flexible exchange rate.

政策制定者在6月中旬说，他们将允许人民币突破窄幅波动区 间，汇率将更加灵活。

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"This means that the floating of the renminbi exchange rate will be mainly determined by market supply and demand, and the floating band will be gradually expanded, " Wen said.

这意味着人民币汇率的浮动将主要有市场供给决定，并且浮动的范围将逐步放宽。

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Although China moved to a slightly more flexible exchange-rate regime last year, the central bank still restricts the yuan's trading band to a narrow 0.3% each day up or down against the dollar.

虽然中国去年略微提高了一些其汇率制度的灵活性，但中国央行仍将美元兑人民币汇率的日升降幅度控制在0.3%以内。

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The crises of the 1990s did, however, tend to have one thing in common: they all had some kind of fixed exchange rate, often a fixed peg or link to another currency, usually the dollar, or an exchange-rate band, again usually linked to the dollar.

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Bank Indonesia is more pragmatic than the Bank of Thailand, widening the rupiah's exchange rate trading band to 8% and ensuring more flexibility in monetary policy.

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Mr Bhalla also takes issue with a suggestion that the Reserve Bank adopt an exchange-rate target a band of plus or minus 5% around a currency-weighted rate.

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