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Renminbi: China Is Relaxing Restriction

China is relaxing a bit restriction on the exchange rate of its currency. Banks will be allowed with immediate effect, to negotiate the exchange rate of the Yuan (Renminbi) against the U.S. dollar with customers on the basis of market demand. The exchange rate derives largely from the interbank market.

The relaxation is another step on the path to achieving market-based liberalization.
The U.S. always complain about an undervalued yuan. The Bank of China announced that the exchange rate has now…
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speculo_ergo_sum avatar

in other words, China will fight against inflationary pressure by letting the currency appreciate against USD.

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How to Win Friends

Hi guys!
This is a smart message from Simon an old acquaintance and permanent traveler posted from Vienna/Austria this month and I won't keep you from hearing the news. He begins with a quote ...
If you want to gather honey, don’t kick over the beehive. (Dale Carnegie)

This was how Dale Carnegie titled the first chapter of his 1936 personal development masterpiece - How to Win Friends and Influence People. Carnegie had sensible advice: if you want to keep people on your team, first and foremost
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Victor avatar
Victor 4 juillet

Right Said Fred (Friend)

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Renminbi: The Race For The Yuan Trading Center

Frankfurt is in contention for becoming the first trading center for China's currency in the EURO area. But the rivals never rest. The chances for Frankfurt increase. Perhaps the agreement of such an "offshore center" at the end of March will be agreed during the visit of the Chinese party and state chiefs Xi Jinping in Germany. It is Xi's first trip to the Federal Republic since he has taken the lead in the second largest economy in the world a year ago. The German financial center would benefi
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Maria_r avatar
Maria_r 3 mar

+

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RENMINBI : A Planned Fall Of The Yuan?

China's currency is in the downward tumble. The Renminbi has lost one percent of its value. The Chinese currency has known only one direction: UP. But for about a week, the rate of the Renminbi (Yuan) against the US Dollar keeps falling. In contrast to other emerging markets. However, this is no capital flight, but a targeted intervention by the central bank PBOC.
The Renminbi is not fully convertible, it is under strict capital controls in the People's Republic. The PBOC is helpless. Any exper
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Skif avatar
Skif 2 mar

полезно , не знал

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YUAN: Under Reference Exchange Rate

For the first time the Chinese currency fell below the reference exchange rate since 2012. The Chinese central bank "Bank of China" (PBoC) buys dollars in the market and the Chinese currency Yuan/Renminbi falls in value. "It's pretty obvious that the central bank buys dollars on State commercial banks in the market".
A dollar increased in price by up to 0.4 percent to 6,125 yuan, and listed in order above the current reference rate of the PBOC from $ 6.1184. The Chinese currency is not freely tr
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sonjatrader avatar

Good article Mary!!! Cheers.

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