中國放鬆管制讓盧布兌人民幣匯率下跌更快

Recently Yahoo News on-line reported the following:

China eases control to let ruble fall faster against yuan

Thu, March 10, 2022, 3:06 a.m.

BEIJING (AP) — China is easing government exchange rate controls to let the Russian ruble fall faster in value against the Chinese yuan to help insulate Beijing from economic sanctions on Moscow.

The margin by which the ruble is allowed to fluctuate against the yuan in state-controlled daily trading will be doubled in size to 10% above or below the day's opening price starting Friday, the China Foreign Exchange Trade System announced.

The ruble has lost about 40% of its value since Western governments cut off some Russia banks from the international SWIFT payment system in retaliation for President Vladimir Putin’s Feb. 24 attack on Ukraine. Russia’s central bank was blocked from using its foreign currency reserves to defend the exchange rate.

China has avoided joining other governments in criticizing Putin’s attack and has criticized Western sanctions. Chinese companies give no sign they are joining Western counterparts in pulling out of Russia, but economists say they are likely to try to take advantage of pressure on Moscow to try to strike better deals.

Holding the exchange rate steady would require China's central bank to subsidize Russian buyers of Chinese goods by giving them more yuan for their rubles than market forces said Moscow's currency was worth.

The latest change would allow Chinese exchange rates to keep up with the ruble's abrupt daily fluctuations.

Translation

北京（美聯社）- 中國正在放鬆政府的匯率管制，讓俄羅斯盧布兌人民幣匯率下跌得更快，以幫助北京免受因莫斯科受經濟制裁而被影響。

中國外匯交易中心宣布，從周五開始，盧布兌人民幣在國家控制的每日交易中的波動幅度將翻倍至當日開盤價上下10%。

自從西方政府為了報復總統 在2 月 24 日對烏克蘭的襲擊而將一些俄羅斯銀行從國際 SWIFT 支付系統中切斷以來，盧布已經貶值了約 40%。俄羅斯央行被阻止使用其外匯儲備來捍衛匯率。

中國避免與其他政府一起批評普京的襲擊，並批評西方的製裁。中國公司沒有表示他們正在加入西方同行撤出俄羅斯的行列，但經濟學家表示，他們可能會試圖利用莫斯科受到的壓力，試圖達成更好的交易。

爲要保持匯率穩定,將致使中國央行去補貼購買中國商品的俄羅斯買家，給予他們比市場力量認為莫斯科貨幣價值更多的人民幣去兌換盧布。

最新的改動將使中國的匯率能夠跟上盧布的每日突然波動。

So, in China the margin by which the ruble is allowed to fluctuate against the yuan in state-controlled daily trading will be doubled. As the ruble has lost about 40% of its value recently, does this mean China will get cheaper gas supply from Russia?