The People's Bank of China sets the exchange rate of the dollar at 7.1886 yuan.

On Thursday morning, the People's Bank of China decided to set the exchange rate of the yuan against the US dollar at 7.1886 yuan per dollar, while expectations indicated it would be set at 7.3159 yuan. The closing price of the pair yesterday was 7.3317 yuan. The bank also injected 4 billion yuan into the markets through repurchase operations for 7 days, yielding 1.5%.

It is worth noting that the People's Bank of China influences the value of the US dollar (USD) by linking the value of its currency - the yuan - to the dollar (USD). The bank employs a fixed exchange rate policy, which differs from the floating exchange rate used by the United States and many other countries, allowing the Chinese currency to move within a narrow range.

The People's Bank of China manages the value of the yuan by keeping it stable against a basket of currencies from countries that are considered partners of China. This basket is measured against the USD, as the United States is China's largest trading partner.