Etiket: yuan
dollars vs. yuan: world currency war
The last time a US Treasury secretary visited China, washington and beijing They were locked in a trade war. The Trump administration was preparing to label China a currency manipulator,…
IMPORTS IN YUAN AND ITS IMPLEMENTATION
Economy announced that it would make the SWAP entered into with China operational for the payment of imports carried out between both countries. Official sources confirmed that since May there…
The Chinese central bank uses these instruments to influence the yuan renminbi
Forex in this article • China’s central bank intervenes in the foreign exchange market • Numerous possibilities of intervention • China sits on huge currency reserves advertising Trade CNY/EUR and…
Hedge fund manager patiently bets on yuan slump – is it going to happen soon?
shares in this article Forex in this article • China’s economy is struggling with problems • Hedge fund manager bets on strong yuan slump • Most market participants remain optimistic…
Russia wants to buy billions of Chinese yuan and other “friendly” currencies
Russia is considering buying billions of Chinese yuan and other “friendly” currencies this year to slow the rise of the Russian ruble. The country wants to rebuild its foreign reserves.…
China tests its digital yuan at school
Students in the city of Sanya, located on the island of Hainan in southern China, will receive phones capable of paying in digital yuan. This experiment presented in the Chinese…
The digital yuan lands on WeChat Pay and its billion users
Month by month, step by step, the People’s Bank of China is developing its digital yuan. This central bank digital currency (MNBC) is gradually getting into battle order to conquer…
Industry expert Richard Turrin: The digital yuan could soon become serious competition for the US dollar
shares in this article Forex in this article Trial of China’s digital currency E-Yuan Challenge for the US dollar in international payments Centralization of digital payments in China China’s central…
Digital yuan gears up for Beijing Winter Olympics
The major international events that are the Olympic Games have always been an opportunity for the host countries to demonstrate their know-how and their power. After the 5G tests in…