Recently, Xinhua News Agency signed an agreement with Nanning city, capital city of Guangxi Zhuang Autonomous Region in Southern China, to compile and issue China-ASEAN Monetary Index (CAMI).
CAMI is a basic component of financial information platform of 'China-ASEAN Information Harbour', taking US Dollar Index and Euro Index for reference.
CAMI is a comprehensive representation of the fluctuation of monetary exchange rate between Chinese RMB and currencies of ASEAN countries based on the data of monetary exchange rates of major currencies and trade between China and ASEAN.
CAMI will provide reference basis for efficient direct monetary exchange for regional free trade.
Being the permanent venue of CAEXPO since 2004, Nanning has become an important platform to deepen coorperation between China and ASEAN countries in the past twelve years, and the city has also become a channel to connect countries along the 21st Century Maritime Silk Route.
Source: Nanning Municipal Bureau of News
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