Economy of Hungary inflation rates of below, but close to 2% over the medium term". Since Hungary is in the process of catching up (Balassa-Samuelson effect), the long-term objective is a slightly higher figure, around 2.3-3.2%. Therefore, the medium term inflation target of the Hungarian National Bank is 3%. Concerning the exchange rate system, the floating exchange rate system is in use since 26 February 2008, as a result of which HUF is fluctuating in accordance with the effects of the market in the face of the reference currency, the euro. The chart on the right shows forint exchange rates for the British
Renminbi currency value appreciation of the Yuan in order to reduce domestic inflation and to increase the wealth of Chinese citizens. Others in China view this dispute as an attempt to ring in China's economic development as part of a strategy for economic imperialism of the industrialized world led by the United States. They likened it to the unequal treaties signed after the Boxer rebellion and the First and Second Opium Wars. Renminbi currency value Renminbi currency value is a debate affecting the Chinese currency unit, the "renminbi" ( Code:CNY). The "renminbi" is classified as a fixed exchange rate currency "with reference to