Notification: Modification for Exchange Rate in Tariff for Cotton Export & Import in March, 2015

Source:China Cotton Association  Date: 02/March/2015

According to the People's Bank of China, in February,25, 2015, the exchange rate for US dollar to RMB was USD 1 = RMB 6.1384 by the Bank of China.
Accordingly, the exchange rate of import and export tariff in March, 2015 will be changed to USD 1 = RMB 6.1384. Cotton and textile companies shall apply this new rate in tariff for the international business.
(NOTE: Exchange Rate in February, 2015 was USD 1 = RMB 6.1268)
 

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