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Chinese yuan strengthens to 7.1772 against USD Thursday
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 1 pips to 7.1772 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.
November09,2023
China breaks path for digital currency internationalization
The global bloom of Central Bank Digital Currency(CBDC) is putting market focus on the momentum of digital renminbi (RMB), the internationalization of CBDC and the differences between digital currency and digital asset.
April22,2021
China issues revised currency exchange regulation
China released on Wednesday a newly revised regulation for domestic and foreign currency exchange franchise businesses to better facilitate currency exchanges by individuals.
February20,2020
UBS maintains Chinese yuan forecast amid coronavirus outbreak
Global investment bank UBS, despite the shock of the coronavirus, maintained its forecast of yuan-dollar rate at 7 yuan per U.S. dollar for end-2020.
February04,2020
Chinese yuan's share of global currency reserves increases in Q4: IMF
The Chinese yuan's share of currency reserves increased to 1.89 percent in the fourth quarter of 2018, ranking the fifth among all allocated reserves, the International Monetary Fund (IMF) said Friday.
April01,2019
Overseas investors hold more yuan bonds at end of January
Overseas investors owned more Chinese yuan-denominated bonds at the end of last month, as the country's bond market opened up wider to the world.
February11,2019
Chinese yuan weakens to 6.8693 against USD Monday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 29 basis points to 6.8693 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.
December10,2018
China-Russia trade settlement by local currencies up 105 pct in Q3
The RMB and Russian Ruble (RUB) settlement in China's interbank lending market amounted to 4.9 billion yuan (about 706 million U.S. dollars) in the third quarter of 2018, up 105 percent over the same period last year, reported TASS on November 21.
November27,2018
Singapore APEX to trade U.S. dollar- offshore RMB exchange rate futures
The Asia Pacific Exchange (APEX) in Singapore recently announced that it will start to trade U.S. dollar-offshore RMB exchange rate future contracts from October 19.
October18,2018
China refutes U.S. allegations of currency manipulation
China on Monday said it has no intention to spur exports through competitive devaluation of its currency, rejecting the United States' accusations of manipulating the exchange rate of the yuan.
July24,2018
Vietnam adjusts reference exchange rate
Vietnam's central bank on Friday adjusted its reference exchange rate between Vietnamese dong and U.S. dollar down by 4 Vietnamese dong to 22,407 Vietnamese dong per U.S. dollar.
January05,2018
Malaysia, Indonesia, Thailand launch local currency settlement framework
The central banks of Malaysia, Indonesia and Thailand launched a local currency settlement framework on Monday as they seek to further promote trade and investment in each other.
December12,2017
S.Korean currency's volatility rises on uncertainty about new U.S. gov't
South Korean currency's volatility against the U.S. dollar rose last month on uncertainties about the new U.S. administration, central bank data showed on Thursday.
February09,2017
China says no new restrictions on forex trading
China's foreign exchange regulator has dismissed reports of tightened controls over forex sales, saying no new restrictions have been adopted on currency exchange or cross-border payments.
November04,2016
Algeria to accelerate process of settling transactions with China's yuan
Algeria is speeding up the process of its transaction settlement with China's currency yuan, Algerian Industry and Mines Minister Abdeslam Bouchouareb said on Sunday in Algiers.
October17,2016
Talks on direct currency transaction between Ghana and China expected
The Governor of the Bank of Ghana, Abdul Nasiru Isahaku, has confirmed moves by Ghana and China to trade their national currencies.
May23,2016
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