60, the Z$ will never see 6.0. It'll cease to be legal tender after November (So they say, but they've been saying that since 2006)

@Geezer. Some banks use rolling averages for ATM rates; causes some discrepancies, and as humans, we remember the ones that cost us money. Some companies like American Express, just out right steal with their fx rate.

Yeah, China controls the FX rate pretty tightly. The fixing is the starting point for the day but actual exchange range is +/- 2%. Not sure if any one bank can adjust to spot rates during the day

Well, the rolling average is just for consumer ATM transactions. There is no rule or law saying banks or financial institutions need to give you spot. AmEx sure doesn't. No single bank can manipulate spot, but if you get like three or four of them, they do it, or used to anyways till they got caught, jailed, fined. They aren't called Banksters for nothing. Of course, the yuan wasn't one of those currencies as it was hard to manipulate thanks to PBOC controls.

7, 14, 21, 28, 35...multiples of seven, just practising... 42, 49, 56.

shi si? surely not.

Did anyone around actually believe in those "8% growth" figures from last 3 years? Heh.

No need any wiki leaks whatever around, sometimes its enough to have a chat with a cabdriver.

@Peter99
I don't think anyone believes most of what comes out of China's mouthpieces. The RMB when down again today. How low do you guys think 'they' will let it go?

As long as the plastic flowers remains.

Didnt hear anyone cheer for the olympics this time - maybe its a "sign" of bad weather 嘎

existentialists. they done that once, no need to do it again. focus all energy on the hate the rising sun at the moment. on tv more than ever. extra holiday for anti facism war. define facism. look around define what i see