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Exchange Rates Of The Chinese Renminbi, Yuan...
 
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Information Source: "Bank Of China" United States Dollar (USD) to Renminbi (RMB) … United Arab Emirates Dirham (AED) to Renminbi (RMB)… Brazilian Real (BRL) to Renminbi (RMB)… South Korean Won (KRW) to Renminbi (RMB)… Russian Ruble (RUB) to Renminbi (RMB)… Euro to Renminbi (RMB)… Indian Rupee (INR) to Renminbi (RMB)… Turkish Lira (TRY) to Renminbi (RMB)… Japanese Yen (JPY) to Renminbi (RMB)… USD to Yuan (CNY)… AED to Yuan… EUR to Yuan… INR to Yuan… TRY to Yuan… RUB to Yuan… BRL to Yuan… KRW to Yuan… AED to Yuan… YPY to Yuan… CNY exchange rates… RMB exchange rates… China currency rates… Exchange Rates Of The Bank Of China (BOC) Yuan prices... CNF Forex Rates... China's money rates... Курсы китайского юаня ... 中国银行汇率(BOC) Курсы валют Банка Китая (BOC) ... Çin Bankası Döviz Kurları (BOC) ... बैंक ऑफ चाइना (बीओसी) की विनिमय दरें ... أسعار صرف بنك الصين (بوك) ... 中国銀行の為替レート(BOC)... Taxas de Câmbio do Banco da China (BOC) ...
The Dollar-Yuan Exchange Rate is a Very Poor Trade Candidate for Trade Wars
 
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Talking Points: • Trade wars are a critical fundamental theme that will likely motivate much of the volatility and momentum in the near future • While it is essential to account for this global stand off - and even take advantage - the Dollar-Yuan is a poor outlet • Being so close to the heart of trade wars, a conduit for remarkably uncertainty and presumed intervention makes USDCNH a risk See how retail traders are positioning in USDJPY, other FX crosses, indices, gold and oil intraday using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)
Views: 1224 DailyFX
Free Renminbi Exchange Rate versus the Dollar
 
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http://www.theforexnittygritty.com/forex/free-renminbi-exchange-rate-versus-the-dollar Free Renminbi Exchange Rate versus the Dollar By www.TheForexNittyGritty.com China is allowing banks to set a free Renminbi exchange rate versus the dollar in over the counter trading. This may well be a first step in freeing its currency from state control according to a Reuter's article reported in the New York Times. China has permitted banks to freely set their own exchange rates for the renminbi against the dollar in over-the-counter transactions - another step toward freeing the exchange rate from government control. China has been moving slowly toward a free floating currency although slower than North American and European nations would have liked. Most recently banks were required to set Renminbi US dollar exchange rates within three percent of a government dictated exchange rate. The bottom line to a free Renminbi exchange rate versus the dollar is that China believes that its currency is now fairly priced versus the US dollar. As such a free Renminbi exchange rate versus the dollar or other major currencies will not result in a run on the dollar or a run on the Renminbi. Renminbi Internationalization It is a goal of the Chinese government to internationalize the Renminbi. According to the Euromoney online the move to a free Renminbi exchange rate versus the dollar is meant to further the Renminbi's internationalization. A common complaint of companies working in China is managing liquidity with what has been a government controlled currency. In a survey conducted by Euromoney's Research Group in association with ICBC on the Renminbi's rise, close to 3,000 treasury and finance professionals of international companies with exposure to China responded and shared their views on renminbi liquidity management, cross-border trade settlement, inter-company invoicing and some of the main operational challenges corporate treasurers face in the country. Additionally, China would like to have the clout that the US does in international affairs as seen in the ability of the United States and its Western allies to shut down trade with rogue nations via the international banking system. A free Renminbi exchange rate versus the dollar could be viewed with that aspect in mind as well. Free Trade, Fair Trade and Central Banks A seemingly eternal complaint of the North Americans and Europeans is how China manipulates its currency in order to drive up the value of the US dollar and Euro. This practice has made Chinese products more competitive and resulted in the growth of the Chinese industrial machine. Now that there is a move to a free Renminbi exchange rate versus the dollar, one might be naïve enough to think that currency manipulation is over with. Think again. Central Banks are always free to buy and sell currencies and even with a free floating Renminbi the People's Bank of China can still buy dollars to drive the price up and maintain a competitive advantage in trade. Meanwhile China is poised to pay for Russian oil and natural gas in Renminbi, trade Renminbi in London and is setting up Renminbi clearing bank in South Korea to facilitate a bilateral trade deal and trade denominated in Renminbi. Chinese and South Korean leaders have pledged to sign a bilateral trade agreement by the end of this year and introduce direct trading of their currencies to spur cross-border renminbi transactions and deepen economic ties in two of Asia's largest economies. So much for the USD as the only currency to trade against the minor currencies of the world! http://youtu.be/H0e5BJAYo-U
Views: 2391 ForexConspiracy
Will China's Currency Dominate the US Dollar? | China Uncensored
 
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Could China's yuan rival the US dollar as the next major reserve currency? The IMF has made the Chinese yuan, or renminbi, the only non-democracy to be included in the SDR, or Special Drawing Rights. What does any of that mean?! Watch China Uncensored to find out what this means for the global economy. Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more China Uncensored: http://www.youtube.com/ntdchinauncensored Make sure to share with your friends! ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Google+: https://plus.google.com/+NTDChinaUncensored Instagram: instagram.com/ChinaUncensored ______________________________ MOBILE LINKS: 5 Ways Star Wars is Surprisingly Like China https://www.youtube.com/watch?v=Q49ZGvfGOIU China Sells Killer Drones to the Middle East https://www.youtube.com/watch?v=pDd4or3ckgg
Views: 197955 China Uncensored
USD-RMB Exchange Rate
 
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USD-RMB Exchange Rate
Views: 731 bonnetwork
How Does China Manipulate Its Currency?
 
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» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe With about $400 billion in debt and a broken economy, Greece is in trouble. But, how did Greece end up with such a high debt, and who do they owe money to? Learn More: Greece's Debt Due: What Greece Owes When http://graphics.wsj.com/greece-debt-timeline/ "Greece is negotiating with its eurozone creditors to get more aid before the indebted government runs out of cash." Explaining the Greek Debt Crisis http://www.nytimes.com/2015/04/09/business/international/explaining-the-greek-debt-crisis.html "Greece, the weak link in the eurozone, is struggling to pay its debt as its people and its creditors grow more restive." Greek debts: what does it owe? When will the money run out? http://www.theguardian.com/business/2015/apr/24/greek-debts-what-does-it-owe-when-will-the-money-run-out "Crunch talks between Greece and its eurozone creditors are under way, but investors are growing increasingly sceptical that the country can reach an agreement on reforms and unlock the aid it needs from international lenders to avoid a debt default." Greek debt crisis: Who has most to lose? http://money.cnn.com/2015/01/28/investing/greek-debt-who-has-most-to-lose/ "Greece and its international lenders have embarked on a battle over the country's staggering debt." Watch More: What Happens If A Country Goes Bankrupt? https://www.youtube.com/watch?v=3PZDLG-rtGs&list=UUgRvm1yLFoaQKhmaTqXk9SA _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld Special thanks to Lissette Padilla for hosting TestTube! Check Lissette out on Twitter:https://twitter.com/lizzette
Views: 275979 NowThis World
How to Add Real Time Currency Converter in Excel Sheet (Calculate Currency & Update)
 
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Add and Calculate All Currencies in Real time in Excel Sheet also update currency.. Click here for more detail... http://www.bsocialshine.com/2016/04/how-to-add-real-time-currency-converter.html Euro, dinar, US dollar, taka, rupees, franc, real, peso, pound, rupiah, rial, yen, shilling, dirham, rupee, riyal, rubie, Saudi riyal, rand, won, lira,
Views: 121001 MJ Tube
YUAN AND DOLLAR
 
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Shot 01/01/2004. FILE OF CHINESE CURRENCY, Bank employees counting Chinese currency/ VS US money being printed. To License This Clip, Click Here: http://collection.cnn.com/content/clip/370016_665.do
Views: 627 CNN
🇨🇳 China's 'petro-yuan': The end of the dollar hegemony? | Counting the Cost
 
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In an attempt to reshape the global oil market, the Shanghai International Energy Exchange has launched the first crude futures contracts priced in Chinese reminbi, or yuan. China, the world's biggest oil importer buys around nine million barrels of oil every day and it wants to use its own currency to price the world's most-traded commodity. The US dollar has been the main currency for oil futures contracts, so launching a contract in its domestic currency is a sign that China wants the yuan to play a bigger role in global oil trading. China is also taking on the world's most used oil benchmarks, Brent and WTI crude, which are both priced in dollars. But Shanghai-traded oil is still far away from earning benchmark status and taking on the petrodollar won't be easy. "For now, it doesn't mean many changes. Oil is still going to trade in the US dollar, but increasingly over time, there will be more transactions ... but this is not a gamechanger, yet," Michal Meidan, Asia analyst for Energy Aspects, tells Counting the Cost. "The goal is for China to establish an Asian benchmark that will reflect Chinese consumption and more broadly Asian demand patterns", but he believes "it's highly unlikely" that the yuan will challenge the dollar in the near future. Meidan explains that the Chinese yuan would have to become "freely convertible, we would need other countries to open up to settlement in the renminbi; but the primary issue will be currency convertibility. And for now, the Chinese government is very reluctant to loosen currency controls and to give it up to free trade." "It's unlikely China will loosen the reigns on their currency", says Meidan, "It's very hard to see that happening in the coming five years. They still have a lot of domestic challenges that they need to meet and the government and Xi Jinping are in agreement that the state and the party needs a very firm control over that [currency]. If liberalisation was the trend in the 1990s, I think we're very much seeing a reversal of that. China is very much willing to become a global player, but under its own terms. And whether the global market or global investors are happy to take that on - I think we're not seeing a huge amount of appetite for that yet." Also on this episode of Counting the Cost: Tech giants: Technology stocks have had a dramatic week. At one point the so-called "FANG" stocks of Facebook, Amazon, Netflix and Google saw their worst one-day loss as a group. But by Thursday, they managed to end the quarter higher. It's all because the business models of tech titans like Facebook have been getting more attention from regulators. Micro-targeting: Facebook is promising to end partnerships with several data brokers that help advertisers target people on the social network. The company is trying to limit the fallout from allegations that the British firm, Cambridge Analytica, improperly accessed user data to influence the 2016 US elections, as Jonah Hull reports from London. Amazon tax: Reports that US President Donald Trump is looking to change the way online retailer Amazon is regulated sent its share price plummeting earlier this week. At one point stocks fell by as much as 7.4 percent, wiping more than $50bn from Amazon's market value. Katia Lopez-Hodoyan reports from Washington, DC. Saudi solar: Saudi Arabia and Japan's Softbank signed up to a $200bn solar mega-plan. It will feature the biggest battery ever made and networks of solar panels across the Saudi Arabian desert. But several analysts cautioned the current agreement is not binding and could be revised. Somalia tax: Anger is growing from consumers in Somalia over the rising cost of shopping and eating out. It's because of the five percent sales tax, the first sales tax in nearly 30 years. The government says the levy is crucial for Somalia's economic recovery, as Mohammed Adow reports from Mogadishu. Africa CEO Forum: The annual Africa CEO Forum's two-day event held in Ivory Coast featured discussion and debate around the economic and industrial challenges facing the African continent. It comes just one week after the leaders of 44 African countries signed a framework deal to create one of the world's largest free trade blocs. But Nigeria and South Africa, two of the continent's biggest economies have yet to sign up. Cyprus tourism: Tourism is booming in Cyprus, as the island works to recover from a damaging financial crisis five years go. Not all areas, though, are reaping the rewards of those seeking sunnier shores. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/
Views: 107943 Al Jazeera English
Why the fall of China's renminbi matters
 
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The renminbi has fallen to its lowest level against the dollar since December amid escalating trade tensions with the US. The FT's Roger Blitz explains the currency's fall and why it matters – in 90 seconds.
Views: 13047 Financial Times
U.S. RMB exchange rate accusation unjustified: experts
 
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Experts say the U.S. accusation that China's currency, renminbi, remains "significantly undervalued" is not justified.
Views: 62 New China TV
USD RMB Exchange Rate
 
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Views: 133 coolkemme3
Chinese Yuan vs U.S. Dollar USD/CNY  (Review)
 
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http://skyco.org Chinese Yuan vs U.S. Dollar USD/CNY (Review) DH2S62GD9DE003JDSZNSGWBXKK39DSUUUU2NS
Views: 205 a f
Weak RMB due to strong USD FS (24.7.2018)
 
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The weakening of the renminbi is mainly due to the continuous strengthening of the US dollar, Financial Secretary Paul Chan said today. Speaking to reporters, he said the renminbi vis-a-vis the US dollar depreciated by about 6% during the middle of April to the middle of July. During the same period, the US dollar strengthened and has risen by more than 5% against other currencies. “So if you net off these two, you would appreciate that the depreciation in the renminbi is not that much. “Secondly, according to market intelligence, there were not many speculative activities against the renminbi,” he said. Mr Chan also noted the central authorities’ stance that China is not using the renminbi’s depreciation as a tool to respond to trade conflict. In light of the trade war between China and the US, he reiterated the Government will monitor how the situation develops and will boost support for small and medium Hong Kong enterprises if necessary. (http://j.mp/2NEQCiD)
the relationship between the current account balance and exchange rates of RMB against USD
 
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A nation's balance of payments measures all economic transactions between that nation's people and the people of all other nations. A country that spends more on imports than it earns from the sale of its exports is said to have a trade deficit. Such imbalances have become controversial topics of debate in political and economic circles, particularly over the last decade as the Chinese economy has emerged as the world's largest exporter. As goods and services flow from one country to another, the exchange rates of those countries' currencies tend to fluctuate to promote balanced trade between the two nations. However, in some cases, most notably China, a country's central bank will intervene in the market for its own currency to manage its exchange rate against that of a trading partner. When such interventions occur, the normal, moderating effect that rising and falling exchange rates has on trade flows is disrupted, and trade imbalances can become persistent. This Video illustrates how trade flows should lead to appreciation and depreciation of currencies in a floating exchange rate system, and then explain how in the case of China, central bank policy aimed at buying large quantities of US government debt keeps the supply of Chinese currency high in the US and the demand for US dollars high in China. This means the dollar remains stronger than it otherwise might relative to the Chinese RMB, contributing to the persistent trade deficits the US exhibits in its trade with China.
Chinese Money: A Guide | How To SPOT FAKE MONEY In CHINA | BE SAFE in China
 
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The Chinese Yuan, or RenMinBi (RMB), is the common currency of the People's Republic of China. The exchange rate of yuan to US dollars is roughly six-to-one, which makes it nice for any Americans, Brits, or Europeans coming to China. This is a guide for anyone who may not know what Chinese money looks like or what it means. It may not be entertaining, but it is an important thing to talk about. Money makes the world go round, so we should know a little something about it! :) Facebook: http://www.facebook.com/letchinasleep2 Twitter: @LetChinaSleep 我的微博:@懒惰老外 My old blog: http://www.austinguidryexperiencingchina.blogspot.com
Views: 44674 Austin In China
rmb to usd
 
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rmb to usd Watch my video rmb to usd and learn how to convert Chinese Yuan Renminbi (CNY) currency and USA dollar (USD). Chinese Yuan Renminbi (CNY) = The yuan (元/圆) (sign: ¥) The distinction between the terms "renminbi" and "yuan" is similar to that between sterling and pound USA dollar (sign: $; code: USD; also abbreviated US$ XE online currency converter and calculator rmb to usd Contact: Christos Pittis website: www.christospittis.com https://www.udemy.com/u/christospittis/ twitter: https://twitter.com/CPITTIS facebook page: https://www.facebook.com/christoscpittis email: [email protected] https://www.udemy.com/u/christospittis/ YouTube: https://www.youtube.com/channel/UClqulZeiMIfgPv_LirylA0g/videos
Changing currency on the street in China: Rmb to dollars/ euros...
 
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In China in front of bank you change any currency at a higher interest rate! In fact these people work together with some bank employee... But this is totally illegal, they offer a higher interest rate and share the benefit with the bank employee (this is kind of cheating the bank). As a foreigner living in China, I would recommand changing your foreign currency with these people, you will benefit from a higher interest rate. But you should go there with a Chinese personn... Take care dear viewers! Subscribe!
Views: 924 China Non-Stop
What is a Trillion Dollars in Yuan?
 
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http://www.forexconspiracyreport.com/what-is-a-trillion-dollars-in-yuan/ What is a Trillion Dollars in Yuan? By www.ForexConspiracyReport.com According to the Investor’s Business Daily Chinese capital outflows reached $1 trillion last year. Which brings to mind what is a trillion dollars in Yuan? As exchange rates vary this number may go up or down but the current exchange rate is 6.5 Yuan to the US dollar so six and half trillion Yuan were converted to foreign currencies and fled China in 2015. China’s capital outflows jumped in December, with the estimated 2015 total reaching $1 trillion, underscoring the scale of the battle facing policymakers trying to hold up the yuan amid slower economic growth and slumping stocks. The entire year’s estimated trillion-dollar total was more than seven times 2014’s $134.3 billion, a record for Bloomberg Intelligence data dating back to 2006. In addition to capital exiting the economy, exporters are holding funds in dollars instead of converting them to yuan, said Tom Orlik, Bloomberg’s chief Asia economist in Beijing. “The immediate trigger for a pickup in capital outflows toward the end of the year was the People’s Bank of China’s poor communication over its shift in currency policy,” said Mark Williams, chief Asia economist for Capital Economics Ltd. in London, who previously worked on China issues at the U.K. Treasury. “Outflows are likely to remain strong because the People’s Bank still has not been able to generate confidence among investors that it knows what it’s doing or that it’s able to achieve its policy objectives.” As rich Chinese move their wealth offshore they sell Yuan and buy dollars, yen, euros or other currencies. And the Yuan goes down in value. A Year of USD/RNB Bloomberg Business has a graph that shows the last 12 months of USD/CNY exchange rates. A year ago a dollar got you 6.2 to 6.25 Yuan and as recently as a month ago the exchange rate was 6.59 Yuan to the dollar. It turns out that five years ago the exchange rate was about 6.5 Yuan to the dollar and the Yuan steadily fell to bottom out at 6.04 to the dollar at the end of 2013 as the USD rallied against all other currencies. Why Is Wealth Leaving China? The Wall Street Journal discusses China’s capital outflow quandary. As China’s foreign exchange hoard drops by hundred-billion-dollar chunks, a key question for economists and investors is what China’s bottom line is and what Beijing can do to defend it. China’s net foreign-exchange reserves have fallen by over $600 billion from their mid-2014 peak of $3.99 trillion as Beijing intervenes to prop up its weakening currency. China’s capital outflow was as much as $1 trillion last year by some estimates if trade surpluses and inbound investment flows are included. Some put Beijing’s red line at $3 trillion, which may not be far off if reserves fall another $200 billion by early March, as some forecast. China’s January figures are due out on Sunday. Trying to assess what Beijing is thinking takes on added importance as China’s problems batter global markets, commodity producers and confidence. China’s central bank and foreign exchange watchdog didn’t immediately respond to questions. Whether Beijing can stem the outflow soon is an open question. Economists say Beijing is working particularly hard to keep ordinary households from losing confidence in the yuan. The problem for China is that a falling Yuan is a self-fulfilling prophecy. Wealthy Chinese take money out of the country because they fear that the currency will devalue as the economy weakens and by their actions cause both a weaker currency and a cheaper Yuan. https://youtu.be/SHysuz_cI0I
Views: 275 ForexConspiracy
Chinese Yuan Hits Weakest Level Against The Dollar In Over A Decade
 
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According to a report by Markets Insider, on Tuesday, the Chinese yuan hit its weakest level against the dollar in over a decade, raising questions about how far policymakers might allow the currency to fall. The People's Bank of China set the dollar's reference rate at 6.9574 yuan per US dollar, before falling to 6.975, its weakest since May 2008. Markets Insider reports that escalating trade tensions between Washington and Beijing have increased pressure to an already slowing Chinese economy. On Monday, President Donald Trump reportedly said that his administration was prepared to place tariffs on all remaining Chinese imports to the US if trade talks don’t produce results. https://www.businessinsider.com/chinese-yuan-hits-weakest-level-in-decade-2018-10 http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
Views: 124 Wochit Business
China Yuan Hits 8 YEAR LOW vs U.S. Dollar as Currency War Rages On!
 
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Support My Work: https://www.patreon.com/themoneygps PayPal: https://goo.gl/L6VQg9 BitCoin/Tip.Me: http://themoneygps.tip.me Look In My Book!: http://book.themoneygps.com My Free eCourse to Unveil the TRUTH: http://themoneygps.com/freeecourse Tools You NEED to Prepare for the COLLAPSE: http://themoneygps.com/store ******************************************************************** Sources: EU seeks to calm budget row with Greece https://www.yahoo.com/news/eu-seeks-calm-budget-row-greece-141051287.html Ukraine nationalises country's largest bank https://www.yahoo.com/news/ukraine-nationalises-countrys-largest-bank-224348984.html Geithner in Book Says U.S. Considered Nationalizing Banks - Bloomberg https://www.bloomberg.com/news/articles/2014-05-08/geithner-in-book-says-obama-aides-weighed-nationalizing-banks As yuan weakens, Chinese rush to open foreign currency accounts | Reuters http://www.reuters.com/article/us-china-forex-deposits-analysis-idUSKBN1470YZ Soros Was Right: China Currency Weakening To Seven http://www.forbes.com/sites/kenrapoza/2016/12/16/soros-was-right-china-currency-weakening-to-seven/#2653d07a6f36 Doing Business the Chinese Way: Facebook Develops A C ensorship Tool http://www.forbes.com/sites/xiangwang/2016/11/24/doing-business-the-chinese-way-facebook-develops-a-c ensorship-tool/#580279682caf Chinese Yuan: CURRENCY:CNY quotes & news – Google Finance https://www.google.ca/finance?q=CNYCAD&ei=rHlXWPmBHIWO2Aah8ouYCQ
Views: 6463 The Money GPS
The RMB will not rival the dollar’s dominance
 
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Eswar Prasad describes the differences between rule of law in the United States and China and how they will prevent the renminbi (RMB) from becoming a global safe haven currency and rivaling the dollar. https://www.brookings.edu/events/gaining-currency-the-rise-of-the-renminbi/ On September 23, the Global Economy and Development program at Brookings hosted the launch of “Gaining Currency: The Rise of the Renminbi,” featuring the book’s author, Brookings senior fellow Eswar Prasad. Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Chinese Yuan Hits Lowest Level in Almost 8 Years
 
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The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump’s victory in the U.S. presidential election. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 1741 Wall Street Journal
RMB hit record low against US dollars in six years
 
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The People’s Bank of China set the Chinese yuan’s midpoint rate at 6.7098 per US dollar on Tuesday morning, 90 basis points lower than on Monday. Economists say the depreciation of the yuan, which has reached its lowest point since 2010, is due to the strengthening US dollar, which was led by the weakening of the British pound. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 860 CGTN
Chinese yuan climbs dramatically against US dollar
 
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The Chinese yuan climbed again against the US dollar on Monday. Analysts expected the currency to keep rising against the dollar as it adapted to the changing global economic and financial environment, though global liquidity has been volatile. Subscribe to us on YouTube: https://goo.gl/lP12gA Watch CGTN Live: https://www.youtube.com/watch?v=L2-Aq7f_BwE Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 3213 CGTN
China’s exchange rate policy over the past decade
 
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Ben Bernanke explains the recent changes in China’s exchange rate and economic policy and why they are positive for the country’s economy. https://www.brookings.edu/events/gaining-currency-the-rise-of-the-renminbi/ On September 23, the Global Economy and Development program at Brookings hosted the launch of “Gaining Currency: The Rise of the Renminbi,” featuring the book’s author, Brookings senior fellow Eswar Prasad. Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Views: 1457 Brookings Institution
China's Yuan rate significantly lower against the U.S dollar
 
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China's central bank has announced a significantly lower daily reference rate for the yuan against the U.S dollar. This, is as the People's Bank of China attempts to make its exchange rate regime more competitive and market-oriented. Hu Yinan has more
Views: 250 CGTN Africa
China's RMB Exchange Rate With Dollar Rises, But Devalues Internally
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Chinese people are mocking rising exchange rate prices for the Renminbi, despite it having devalued inside China. One young man was interviewed by China's Central Television (CCTV) during the Third Plenary Session of the Chinese Communist Party (CCP). He highlighted that this is the issue of "most concerns for reforms". Analysts say that the RMB has been repeatedly devalued in China. However, the exchange rate against the dollar has continued to rise. The result is that the Chinese people can't afford to live, and foreign companies are constantly complaining. On November 12, the four-day party meeting came to a close. Prior to this, a CCTV reporter interviewed Chinese people on the street, with many responding that they didn't know what the Third Plenary Session was about. Instead, people complained about increasing house prices, and expensive medical care. One man said that the "RMB is in a sorry state for the Chinese people." Hua Po, current affairs commentator: "RMB has repeatedly depreciated, but the price of goods has risen. The exchange rate for the RMB against the dollar has continually risen. For ordinary Chinese people, prices are higher, but their incomes can't pay their bills. Thus, they complain everyday about the high prices." Hua Po says that foreign trade companies are also complaining. Because RMB exchange rates are constantly rising, their export competition has been deeply weakened. Who is benefiting from this situation? Hua Po: "The privileged groups within the CCP can benefit. This is because they can push the prices very high inside China, and thus make the RMB devalue. Once they acquire devalued RMB, they can exchange it to dollars at a good rate, and then transfer it abroad. This system has become very profitable." Chinese state media reported that 'Grandma Li' went to buy rice in a market. She found the price went up to 6.6 yuan per kilogram, and could remember that it was 3.8 yuan per kilogram in 2005. Lan Jiping, Professor at Capital University of Economics and Business in Beijing, also took rice as an example. Lan calculates the value for 1000 yuan, which is equivalent to 576 yuan in 2005. It means that 1000 yuan has lost value by 424 yuan within eight years. Money Weekly reported that cloth was worth a few dozen yuan in the past. It is now selling for over a thousand yuan. Property prices have risen from several thousand yuan per square meter to between 30,000 to 40,000 yuan. Taking these cases as examples indicates that RMB has devalued by 500% within eight years. Gong Shengli, researcher, China Financial Intelligence Unit:"Chinese people's income hasn't increased accordingly. Who should pay them money? Civilians have to pay more, but they don't get the income they need to do so." Hong Kong's Oriental Daily describes that China is the worlds largest bank note printing country. At the end of 2012, China's money supply reached 97.4 trillion yuan. This is nearly taking up 25% of the global total, and is 1.5 times greater than the US. The report says that the madness of printing money is equivalent to simply ripping off it's civilians. Zhu Xinxin, former editor, Hebei People's Radio Station:"The CCP uses different ways to plunder from its citizens, some of which are visible, the others invisible. There are so many different taxes and fees, which civilians become heavily burdened by." Zhu Xinxin suggests that large amounts of bank notes have been printed, resulting in the rich becoming richer, and the poor becoming poorer. Rich people are using financial leverage to increase their wealth, and poor people are finding it difficult to survive. Zhu Xinxin: "CCP propaganda of China as a prosperous nation is an entirely illusory image. The truth is one of rich officials and poor civilians. Actually, the privilege group of CCP officials have seized the national assets in their hands." Sources indicate that 0.4% of the Chinese people have seized 70% of China's wealth. The high-level CCP, and the families of officials and princeling covert both the money and land. They launder the money, and their assets have reached thousands of billions of yuan. Sources say that PetroChina, China Mobil, Industrial and Commercial Bank, and other major state-run companies' were listed on the US stock market. US The state-run People's Tribune newspaper has reported that in 2009, relevant organs announced the 3,000 richest Chinese families. These families' wealth has a net worth of 1.69 trillion yuan. The article admitted that two out of three resources of the richest families are "red families and red businessmen." 《神韵》2013世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 819 ChinaForbiddenNews
RMB Exchange Rate to Remain Stable in 2017: Central Bank Governor
 
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The exchange rate of China’s currency the Renminbi (RMB) will remain stable in 2017 along with reform and economic efforts, said People’s Bank of China (PBOC) governor Zhou Xiaochuan, on Friday. Zhou made the remarks at a press conference on the sidelines of the fifth session of the 12th National People's Congress (NPC) when answering a question on what measures the central bank will take in 2017 to stabilize the RMB’s exchange rate, which went through relatively stronger fluctuations last year. The governor first explained why the fluctuations in 2016 were stronger than usual. He attributed the difference to two reasons. First is that in the second half of 2016, China’s foreign investments and overseas spending grew higher than in previous years due to Chinese enterprises’ growing interest in purchasing foreign companies. Secondly, the U.S. dollar grew stronger with a faster-than-expected pace after the election of U.S. President Donald Trump. As for the RMB exchange rate in 2017, Zhou said it will remain stable due to healthier development of the Chinese economy and the progress made in reforms. "We believe that this year, along with the steady and healthier development of the Chinese economy, and the progress of structural reforms on the supply-side, and the work on destocking, deleveraging, overcapacity cut and reducing costs and strengthening weak economic links, as well as the world’s stronger confidence in the Chinese economy, the RMB exchange rate will be automatically granted with a stable developing trend," said Zhou. Meanwhile, the consistency in monetary policies and more elaborated implementation of these policies will also contribute to the stabilization of the RMB exchange rate in 2017, Zhou added. However, the normal fluctuation in the RMB exchange rate cannot be ruled out, as no one can predict what uncertainties and affairs are going to happen, said Zhou. "Of course the foreign exchange market has always been a sensitive market. It will show constant fluctuations with the impact of the affairs happening in the global economy and in China. So nobody can give a precise prediction over what uncertainties will come up in 2017, and what affairs will take place. Therefore, the normal fluctuation in the exchange rate should be regarded as a normalcy. It is a normal situation," he said. http://www.cctvplus.com/news/20170310/8045009.shtml#!language=1 Subscribe us on Youtube: https://www.youtube.com/c/CCTVPlus CCTV+ official website: http://www.cctvplus.com/ LinkedIn: https://www.linkedin.com/company/cctv-news-content Facebook: https://www.facebook.com/NewsContent.CCTVPLUS Twitter: https://twitter.com/CCTV_Plus
Yuan-Niversary: One year since exchange rate reform
 
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It has been a year since the People's Bank of China (PBOC) carried out extensive exchange rate reform, marketizing the yuan’s exchange rate against the dollar. The PBOC now maintains the stability of the yuan against a basket of currencies set by the International Monetary Fund (IMF), fixing the yuan's daily trading midpoint according to the currencies' closing rates on the previous day. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 461 CGTN
Will the RMB Match the US Dollar?
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews This is the first time third quarter Chinese currency trade settlement amounts took a down turn. Although this news is somewhat unexpected, it is still reasonable. Data shows that behind the Chinese currency RMB trade settlement's development lays rampant arbitrage in mainland companies, with foreign companies being less involved. Expert analysts believe that it is impossible for the RMB to match the U.S. dollar over the next five to 10 years. U.S.-China Economic and Security Review Commission (USCC) warns in a November report that the RMB could threaten the U.S. dollar's dominance in five to 10 years. Xie Tian, a professor at the Aiken School of Business of the University of South Carolina, said that the U.S. often warns itself. The USCC reminds U.S. policymakers from the worst angle, that is, their assumptions are based on two things: China sustaining a 10 percent annual growth rate and some of its own calculated guesses being calculated right. Xie Tian: "If the RMB could threaten the U.S. dollar, firstly, the RMB must be a freely circulating currency, if not, no one will want it as a reserve currency; secondly, no one is willing to accept a currency that is manipulated by a government. If the CCP regime can easily control and change the exchange rate, why is it necessary for other countries to put their national wealth in the hands of another country?" The People's Bank of China recently reported that the 3rd quarter of total cross-border trade in RMB has dropped slightly, which is the first decline since June 2009, when China launched related test projects. The U.K.'s Financial Times first reported in January that the main reason for the RMB trade settlement boom is that mainland companies are trading with their Hong Kong subsidiary companies, attempting to arbitrage between the two markets. Bankers said that third-quarter arbitrage activity has decreased, leading to a decrease in RMB trade settlement. According to data from Swift, a global payment system, 80% of cross-border RMB payments relate to Hong Kong. During RMB cross-border payment transactions, only 8% is the "real publicised," figure, meaning, the bulk of trade transactions are from the mainland and outside of Hong Kong. According to Xie Tian's analysis, China's real outsider small RMB settlements are mainly from Vietnam and Russia and some other small border transactions. Xie Tian: "Because China's financial market is facing great pressure, one is the internationalization push; another one is that the capital flight out of China, and the fact that there are no major multinational companies using the RMB in trade, except Russia and Vietnam. The RMB cannot become the international currency of choice in one or two years." An executive from one of the world's largest banks said that at the moment there are almost no multinational companies trading in the RMB. He said that foreign companies make use of U.S. dollars, and shun the RMB due to its complexity. Xie Tian believes that China's economy is possibly out of control and will face a serious crises in five years. Thus, the target of having the RMB replace the U.S. dollar as the world reserve currency moves further and further away. The USCC also reported that the Chinese Communist Party (CCP) is continuing to intervene in China's domestic economy, They provide subsidies and protection to state-owned companies, they force foreign investors to transfer their technology to China, and only open up government procurement to national enterprises. The CCP still controls the flow of a large amount of cross-border capital. Meanwhile, it continues to intervene in currency markets in order to hold down the RMB exchange rate. In Washington, the RMB issue has once again become the most important political issue on the U.S. government's agenda. In October, the U.S. Senate passed a bill allowing the United States to underestimate the margin of exchange rate according to estimation, in order to impose retaliatory tariffs on China's export production to the United States. President Obama's administration officials, including U.S. Trade Representative Ron Kirk and Commerce Secretary John Bryson, will be attending the U.S.-China Joint Commission on Commerce and Trade meeting this weekend. This is the main forum for the two governments to hold bilateral negotiations on related matters. NTD reporters Liu Hui and Wang Mingyu
Views: 454 ChinaForbiddenNews
Focus on RMB rate VS USD transition since 1994 currency reform China government 人民币 1994年以来的汇率變遷
 
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China took another step on Saturday towards turning the yuan into a global currency by doubling the size of its trading band against the dollar to 1 percent. By peeling back trading restrictions on the yuan, Beijing is working toward its goal of having a currency that trades relatively freely, or is basically convertible, by 2015. Below is a timetable of key reforms to China's foreign exchange system. 1988 - China sets up semi-official currency swap centres around the country to allow firms to trade the yuan, also known as the renminbi or "people's currency", at a rate that better reflects market demand. 1994, Jan - China unifies its dual exchange rates by aligning official and swap centre rates, officially devaluing the yuan by 33 percent overnight to 8.7 to the dollar as part of reforms to embrace a "socialist market economy". 1994, Apr - China sets up its first interbank currency market in Shanghai, the China Foreign Exchange Trade System. The yuan's value is fixed around 8.28 to the dollar and the central bank intervenes to keep it stable. 1996, Dec - China allows the yuan to be fully convertible under the current account. 1994-1996 - The yuan strengthens steadily from 8.7 to the dollar to around 8.28. 1997-1999 - China wins wide praise for keeping the yuan stable during the Asian financial crisis despite pressure to devalue. The yuan was boxed between 8.2770 and 8.2800 for about three years through frequent central bank intervention. 2000 - China allows the yuan to close slightly above its 30-basis-point band, which is later widened by 10 points to 8.2760-8.2800 against the dollar. 2001, Dec - China joins the World Trade Organization and pledges to gradually adjust its currency regime. 2003 - China's huge trade surplus with the United States and the rest of the world leads to mounting international pressure on Beijing to let the yuan rise to balance global trade. 2004, Dec - Premier Wen Jiabao says China will move gradually towards a flexible currency regime. 2005, Jul - China revalues the yuan by 2.1 percent and revises rules governing its currency, saying it has shifted to "a managed floating exchange rate based on market supply and demand with reference to a basket of currencies". The central bank says the dollar, euro, yen and Korean won are the main currencies in the basket. Others include the Singapore dollar, sterling, Malaysian ringgit, Russian rouble, Australian dollar, Thai baht and Canadian dollar. The weightings are secret. 2007, May - China widens the yuan's daily trading band against the dollar to 0.5 percent from 0.3 percent. 2008, Jul - China's central bank effectively pegs the yuan against the dollar at 6.83 to help its economy ride through the worst of the global financial crisis. 2009, Jul - China takes a step towards internationalizing the yuan by launching a pilot programme that allows selected Chinese regions to pay for imports and exports in yuan. 2010, Jun - China says it is resuming its reforms of the yuan exchange rate and increasing currency flexibility, effectively ditching a two-year peg to the dollar that was enacted during the global financial crisis. 2012, Feb - The yuan hits a record high of 6.2884 per dollar. 2012, Mar - China steps up efforts to internationalize the yuan by allowing all firms in the country to pay for imports and exports in yuan. 2012, Apr - China widens the trading band for the yuan against the dollar to 1 percent from 0.5 percent. Focus on RMB rate against USD transition since 1994 currency reform China government 聚焦人民币 1994年以来的汇率變遷,for more information about china world news visit site at http://youtube.com/user/cosmeticmachines as well as business website at http://penglaichina.com
Dollar vs RMB—Which one is safe for investors?
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Since 2008, the United States has been at the center of the financial storm, and even once faced the risk of debt default. While China has reached currency swap agreement with 21 countries and regions, will the RMB replace the dollar and become the dominant reserve currency? Please see our analysis. Economist Eswar Prasad pointed out that despite the upheaval in the U.S. economy, the U.S. dollar remains the dominant reserve currency. Eswar Prasad is a Senior Fellow at the Brookings Institution, the American think tank. He explained the world relies on the security of the dollar, which "the rest of the world has a great deal of trust in." In fact, the dollar holds its power even during the financial crisis. Eswar Prasad said that international investors will always turn to the dollar because of the "deep financial markets, a powerful central bank and legal framework the rest of the world has a great deal of trust in." Eswar Prasad also indicated that the U.S. will not resort to inflation to reduce debt, this could damage both international investors as well as American investors. Eswar Prasad, former head of the Financial Studies Division and the China Division at the IMF, International Monetary Fund. In his new book, "The Dollar Trap", he believes that the dollar will remain as the dominant reserve currency. The RMB will not displace the dollar any time soon because of China's political system. He indicated that given the current political system and the legal framework in China, it's unlikely China will be viewed as a safe haven for investors, but rather a diversified reserve. Xie Tian, Professor of Marketing at the University of South Carolina Aiken indicates that: as a world model in politics, economy, military, social and culture, and the moral appeal, the United States has the strength that no other democratic country could compare. Xie Tian, professor of Marketing at University of South Carolina Aiken: "The United States is now completely out of recession with annual economic growth of 2% to 3%. European countries are still struggling, so is Japan. While China is just entering the economic crisis. In this case, the dollar has undoubtedly become the safe haven as the reserve currency." According to the Treasury International Capital report, China, the largest foreign holder of the bills, boosted its holdings by $12.2 billion USD to $1.32 trillion USD, - a record high. China's foreign exchange reserves rose to $ 3.82 trillion USD at the end of 2013, which is $ 509.7 billion more than a year earlier, the People's Bank of China said on Wednesday. Both foreign exchange reserves and the annual growth rate have reached a record high. Xie Tian points out that China's large foreign exchange reserve reflects the Communist regime's lack of confidence. The exchange rate between dollars and RMB is close to 6, a new high since 2005. The balance of M2, China's broadest measure of money supply, recorded 107.93 trillion yuan ($17.78 trillion), in December 2013, from 30 trillion yuan ($4.942 trillion) at the end of 2005. That is a 218% growth in eight years, while the United States only experienced a growth of 55%. The New York Times indicated in its January 16 report that because of the amount of money sloshing around China's economy,housing prices have soared, feeding fears of a bubble, while leaving many ordinary Chinese people feeling poor and left out. An economic column in China also reported that: Chinese people have become the ultimate scapegoat of the appreciation of the RMB overseas, but depreciation domestically. Ren Zhongdao, financial analyst: "The Communist regime has become the world's largest cash printing machine. According to the Chinese broad measure, the RMB supply has exceeded 1.5 times that of the dollar." Xie Tian: "There has been a double-digit inflation in China because of the abusive printing of the RMB by the Communist regime. In fact, the regime is facing an even greater financial crisis, whether it is the real estate bubble, the declining stock market, or the immeasurable local debts." Xie Tian points out that the final economic collapse is inevitable in China, on account of the habitual cash printing of the regime. He believes that the economic collapse would naturally lead to the collapse of the communist regime. 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 420 ChinaForbiddenNews
RMB 'Will Be as Familiar as Dollar' Will Chinese Yuan Replace The US Dollar As The Global Reserve
 
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Here's a short and sweet news item from the markets today: the Chinese yuan is the strongest it's been against the dollar in 20 years. The yuan is now trading at 6.09, its strongest level since 1993. This currency is on a slow boat to strength. It's been gaining, steadily, by about 2% to 3% a year. It's up 10% since the financial crisis began in earnest in October 2008. In Shanghai, with the new free trade zone pilot program in effect, the yuan is expected to become even more international. The central parity rate of the yuan against the U.S. dollar advanced four basis points to 6.1408 on Wednesday, according to data from the Central Bank, but it is allowed to be stronger than that off-shore. Authorities have taken steps in recent weeks to promote the use of the yuan in international trade. On Tuesday, China and the United Kingdom agreed to continue to build London into a major offshore market for yuan trading, underlining the strong financial ties between the two countries. "Many factors are affecting the foreign exchange market at the current time, including decision makers' stands toward the ongoing rising price of the yuan against the US dollar," Zhou Yunxie, a foreign exchange analyst with Shanghai-based Zhongqing Gold Investment told China Daily today. A look at where wealthy Chinese are spreading their yuans around the globe. watch more from http://youtube.com/user/videofilmfiles
RMB Devaluation vs. Chinese Property Market
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews At the end of February this year, the value of the yuan fell by more than 1%. This changed the long-standing trend of RMB appreciation. On March 18, the Renminbi (RMB) exchange rate fell again, and traded at 6.1858 to the dollar upon opening. Experts believe that although RMB value has reached an equilibrium, this devaluation could cause the domestic property bubble to burst. On March 15, China's Central Bank doubled the yuan trading band to 2%. On March 18, the RMB to dollar rate opened at 6.1858. This is equivalent to depreciation of 77 basis points. This is compared with the previous trading day's closing rate of 6.1781. It has hit a new low in 11 months. RMB has fallen 2.5% this year. The Wall Street Journal commented that, "the decision, foreshadowed by months of hints by Chinese officials, followed a week long campaign by the country's central bank to weaken the yuan." The People's Bank of China had just doubled the yuan's trading band to 1% from 0.5% on April 16, 2012. Since February this year, the Chinese capital flow has been significantly reduced. After a weak performance of exports in February, data also showed a slow down in industrial added value, fixed asset investment, and retail sales. In addition, as of the third fiscal quarter of last year, China's total foreign debt reached $823 billion. The weakening of RMB will result in increased settling up costs. That is equivalent to an increase in external debt. The Chinese Communist Party (CCP) Commerce Department stated on Tuesday that the recent RMB devaluation was intended to support exports. A Ministry of Commerce spokesman said that, "with the mechanism formation of RMB exchange rate through the deepening of reforms, two-way exchange rate fluctuations will become the norm." So, why did the central bank lead the fall of RMB? Financial analyst Ren Zhongdao says that within power struggles, the CCP is manipulating the "economic card". This is to attack the officials with vested interests. Ren Zhongdao, financial analyst: "Jiang Zemin had ruled the regime with greed and corruption. He turned state-owned enterprises into the CCP elite's source of wealth, and transferred national wealth overseas. This returned to China as foreign investment for arbitrage, to earn the interest difference and the exchange rate. To combat these officials who escape overseas with national wealth, the CCP has now brought the RMB down to cut the interest difference." Hong Hao, China Bank of Communications Chief International Strategist, recently commented in ForbesChina.com. Hong thinks the RMB devaluation will burst the real estate bubble. He stressed that, in general, cheap exchange rates will help a country to promote exports. They will strengthen foreign exchange reserves. Then, large-scale asset revaluation can be carried out through currency appreciation. Once the exchange rate is close to the equilibrium point, asset revaluation will stop. In July 2005, China started the exchange rate reform of the RMB appreciation. At that time, China's foreign exchange reserve was only $800 billion, but now has quadrupled to reach $3.8 trillion. At the same time, China's real estate prices have soared to bubble levels. Hong Hao stated that if one learns from history, devaluation of RMB will pose strong resistance to elevation of asset prices. These assets are mainly real estate and stocks. Financial analyst Ren Zhongdao believes that once CCP officials empty the hot money and run overseas, China's real estate bubble will burst. Ren Zhongdao: "Suppose someone bought a property for one million yuan. The market value is less than one million now. But this person still has to pay the mortgage. Finally, this house may be taken back by the bank, which has no use for the property, and it cannot become cash. In fact, at the end, the country and the financial system are supported by people's hard earned money. The CCP officials will leave after they get the hot money. The government is also busy with infighting, and will not care if the people live or die." According to WSJ, "with the yuan down 2% against the dollar this year, more of the bets are losing money, said Geoff Kendrick, Head of Asian Currencies and Rates at Morgan Stanley." "He estimates that paper losses on one popular way companies hedge their yuan exposure and individual investors bet on the yuan, through what is known as target redemption-forward products, have hit $2.3 billion." "Beng-Hong Lee, Head of Markets for China at Deutsche Bank AG in Shanghai, says his corporate clients are concerned about how much more the currency will depreciate." WSJ added, "while the recent declines likely aren't big enough to trigger a stampede out of the yuan, the added 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 1233 ChinaForbiddenNews
China begins direct trading between the RMB yuan and Korean won
 
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China began direct trading between the RMB yuan and Korean won on Monday. Previously, the exchange rate between the two currencies was calculated based on the US dollar. Subscribe us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 341 CGTN
Rmb futures a Hong Kong "first"
 
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Hong Kong Exchanges and Clearing is offering the world's first deliverable Rmb currency futures contracts from 17 September. The futures contract is based on the Rmb's exchange rate against the US dollar and should make Hong Kong the preferred Rmb offshore centre compared to others like Singapore and London with its global interaction, says Calvin Tai, HKEx's Trading Division Head. Related Links: HKEX media release - http://www.hkex.com.hk/eng/newsconsul/hkexnews/2012/120822news.htm Speaker: Calvin Tai, Head, Trading Division, HKEx
Views: 524 HKTDC
Reaction to Chinese currency changes
 
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SHOTLIST 22 May 2005 1. Wide interior pan of Chinese bank 2. Electronic tote board showing latest foreign exchange rates 3. Close up on new Renminbi (yuan) value per 100 US dollars 4. Wide shot of People's Bank of China 5. Close up of bank sign 6. Cutaway Chinese flag 7. Wide shot of people looking at news headlines 8. Mid shot of same 9. Close up on news headline announcing unpegging of Renminbi (yuan) 10. Tilt down 24hr Automatic Teller Machine (ATM) branch 11. Man in ATM branch using machine 12. Money being dispensed 13. Close up of money being counted 14. SOUNDBITE (Mandarin) Ms Wei, Vox pop: "I think this is good news for Chinese people because when we travel abroad we will be able to buy foreign goods at lower prices." 15. SOUNDBITE (Mandarin) Mr Pan, Vox Pop: "We would like to see the exchange rate remain stable in the long term. We don't want to see the currency jump up and down like the stock market." FILE - 18 May 2005 16. Various shots of money counting by bank clerk STORYLINE China's decision to cut its currency's link to the US dollar could make its exports more expensive over time, giving a slight respite to foreign producers that are trying to compete with an avalanche of low-cost Chinese goods. But Chinese companies also could get a break as prices of imported oil and other raw materials fall. And a stronger currency would make foreign assets cheaper for Chinese buyers, possibly prompting more takeover bids like the one launched recently for US oil company Unocal Corporation. The decision to base the yuan's state-set value on a basket of foreign currencies such as the euro or the Japanese yen could see the yuan - also known as the renminbi, or "people's money" - rise in value as the dollar weakens against those currencies, dragged down by mounting US budget and trade deficits. A rise in the currency would push up the price of Chinese goods in dollar terms, heightening competition with other low-wage makers of shoes, clothes and appliances such as Bangladesh or Indonesia. Americans, Europeans and other foreign buyers would pay more for Chinese-made T-shirts and television sets, while Chinese would see imports get cheaper. A more favourable exchange rate also could prompt more Chinese tourists to travel abroad. The move has been widely welcomed by the world economy. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/9978c2c1d67ea46c4fca263ddb31a02f Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 148 AP Archive
Easy Currency Converter app for mobile
 
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All currency converter app converts currency easily. Just select the desired currency and enter the value fir first and get converted result. All Currency Converter is a real-time currency exchange rates converter. (The calculator is featured). All around the world offer rates for almost all currencies (over 162) and also comes with a special price for minerals such as gold, silver and. #Comes with a simple exchange rate conversion and exchange rate calculation. #View and can calculate currency (the currency of some ready ...) AED UAE Dirham AFN Afghan Afghani ALL Albanian Lek AMD Armenian Dram ANG Neth Antilles Guilder AOA Angolan Kwanza ARS Argentine Peso AUD Australian Dollar AWG Aruba Florin AZN Azerbaijani New Manat BAM Bosnian Convertible Marka BBD Barbados Dollar BDT Bangladesh Taka BGN Bulgarian Lev BHD Bahraini Dinar BIF Burundi Franc BMD Bermuda Dollar BND Brunei Dollar BOB Bolivian Boliviano BRL Brazilian Real BSD Bahamian Dollar BTC Bitcoin BTN Bhutan Ngultrum BWP Botswana Pula BYN New Belarusian Ruble BZD Belize Dollar CAD Canadian Dollar CDF Congolese Franc CHF Swiss Franc CLP Chilean Peso CNY Chinese Yuan COP Colombian Peso CRC Costa Rica Colon CUP Cuban Peso CVE Cape Verde Escudo CYP Cyprus Pound CZK Czech Koruna DJF Dijibouti Franc DKK Danish Krone DOP Dominican Peso DZD Algerian Dinar EGP Egyptian Pound ERN Eritrean Nakfa ETB Ethiopian Birr EUR Euro FJD Fijian Dollar FKP Falkland Islands Pound GBP British Pound GEL Georgian Lari GHS Ghanaian Cedi GIP Gibraltar Pound GMD Gambian Dalasi GNF Guinea Franc GTQ Guatemala Quetzal GYD Guyana Dollar HKD Hong Kong Dollar HNL Honduras Lempira HRK Croatian Kuna HTG Haiti Gourde HUF Hungarian Forint IDR Indonesian Rupiah ILS Israeli Shekel INR Indian Rupee IQD Iraqi Dinar IRR Iranian Rial ISK Iceland Krona JMD Jamaican Dollar JOD Jordanian Dinar JPY Japanese Yen KES Kenyan Shilling KGS Kyrgyzstani Som KHR Cambodia Riel KMF Comoros Franc KPW North Korean Won KRW Korean Won KWD Kuwaiti Dinar KYD Cayman Islands Dollar KZT Kazakhstan Tenge LAK Lao Kip LBP Lebanese Pound LKR Sri Lanka Rupee LRD Liberian Dollar LSL Lesotho Loti LTL Lithuanian Lita LVL Latvian Lat LYD Libyan Dinar MAD Moroccan Dirham MDL Moldovan Leu MGA Malagasy Ariary MKD Macedonian Denar MMK Myanmar Kyat MNT Mongolian Tugrik MOP Macau Pataca MRO Mauritania Ougulya MUR Mauritius Rupee MVR Maldives Rufiyaa MWK Malawi Kwacha MXN Mexican Peso MYR Malaysian Ringgit MZN Mozambican Metical NAD Namibian Dollar NGN Nigerian Naira NIO Nicaragua Cordoba NOK Norwegian Krone NPR Nepalese Rupee NZD New Zealand Dollar OMR Omani Rial PAB Panama Balboa PEN Peruvian Nuevo Sol PGK Papua New Guinea Kina PHP Philippine Peso PKR Pakistani Rupee PLN Polish Zloty PYG Paraguayan Guarani QAR Qatar Rial RON New Romanian Leu RSD Serbian Dinar RUB Russian Rouble RWF Rwandan Franc SAR Saudi Arabian Riyal SBD Solomon Islands Dollar SCR Seychelles Rupee SDG Sudanese Pound SEK Swedish Krona SGD Singapore Dollar SHP St Helena Pound SIT Slovenian Tolar SLL Sierra Leone Leone SOS Somali Shilling SRD Surinamese Dollar STD Sao Tome Dobra SVC El Salvador Colon SYP Syrian Pound SZL Swaziland Lilageni THB Thai Baht TJS Tajikistani Somoni TMT Turkmenistani Manat TND Tunisian Dinar TOP Tonga Pa'anga TRY Turkey Lira TTD Trinidad&Tobago Dollar TWD Taiwan Dollar TZS Tanzanian Shilling UAH Ukraine Hryvnia UGX Ugandan Shilling USD U.S. Dollar UYU Uruguayan New Peso UZS Uzbekistani Som VEF Venezuelan Bolivar VND Vietnam Dong VUV Vanuatu Vatu WST Samoa Tala XAF CFA Franc (BEAC) XAG Silver Ounces XAU Gold Ounces XCD East Caribbean Dollar XDR IMF Special Drawing Rights XOF CFA Franc (BCEAO) XPD Palladium Ounces XPF Pacific Franc XPT Platinum Ounces YER Yemen Riyal ZAR South African Rand ZMW Zambian Kwacha
Views: 83390 tech4all
USA are afraid of competition with Yuan
 
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Yuan denied the status of a reserve currency of IMF. This became known thanks to the Minister of the Treasury Jack Lew. According to him, the Chinese currency is not ready for the "new momentum". First Beijing needs to weaken control of the economic sector of the country, as well as go to a floating exchange rate of the yuan against other currencies. However, France and Germany voted earlier for the introduction of the Chinese yuan in the league honored IMF currency. On the necessity of entering the yuan to the list of reserve currencies talked the Director of the IMF Christine Lagarde. Why did the decision is still pending? Eugene Retyunsky, chairman of Russian International Bank: "If it was a question of the New Zealand or Swedish currency, I think that the Americans would not mind. But the yuan - that potential real competitor to the dollar after some period of time. This is the first thing that arises. Second - it is quite possible they have some formal reference to the fact that oppose it. For example, it is unlikely, the reserve currency may be regulated currency, that is not quite freely convertible. " Currency "elite" of the IMF at the moment make up the dollar, euro, pound sterling and yen. What does the yuan hit it on the list? Eugene Retyunsky: "Firstly, the demand for the currency - this means more investment in the country. Either way, is to use the currency as a reference, although there is a question - what is the egg, what is the chicken. Because, if the currency has already begun to use as estimated and for savings, it has in fact become a reserve currency without any formal inclusion elsewhere. Surely in that currency many of the Central Banks will try to keep their reserves to diversify the risk of the dollar, the Euro and other currencies. This makes sense, and an increase in demand for the currency - it is always indirect lending to the economy. "
Views: 2677 Pravda Report
चाइना में क्या है वैल्यू भारत के १ रुपए कि ? Chinese Yuan ! Chinese Exchange ! China Currency !
 
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नमस्कार दोस्तों आज इस विडियो में चाइना में कौन सी मुद्रा चलती है इसके बारे में बताया गया है अच्छा लगता है तो लाइक करे शेयर करें धन्यवाद। Business Inquiries : [email protected] Follow Me Instagram- https://www.instagram.com/travelvikas/ चाइना में क्या है वैल्यू भारत के १ रुपए कि ? Chinese Yuan ! Chinese Exchange ! China Currency ! India To chain currency Hindi china currency name, china currency value, china currency in hindi, china currency rate, #china #chinacurrency
Views: 29002 Travel Vikas
RMB Climbs against USD with 225 Points largest increase for 8 months 2014 currency war global rate
 
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Yuan central parity soared 225 points in nearly eight-month high China Securities Reuters US dollar index fell due to the outer disk, the establishment of Canada's offshore RMB center, Hong Kong and Shanghai through November 17 start, the RMB spot rate opened 90 points higher, median price soared 225 points, hitting eight-month high. In a large number of security incidents after the busy fire fighting and rescue us learn from their mistakes, began to take the catch of network information security work, we have developed an information security policy, a clear information security management and each employee's duties, the establishment of a safety-related workflows and the entire staff of the Information Awareness Publicizing. US futures were down due to the outer disk, Canada established an offshore RMB center, Hong Kong and Shanghai through November 17 start, the central parity of RMB against the US dollar soared 225 points, hitting eight-month high. The supply chain is one of the best entry point for the implementation of network failure, more and more refined in today's business division, managing suppliers and partners security, as important to protect ourselves. Subsequently, the interbank foreign exchange market spot exchange rate of RMB against the US dollar opened at 6.1139, appreciation 90 basis points. RMB Climbs against USD with 225 Points largest increase for 8 months 2014,for more information about china economy visit site at http://youtube.com/user/cosmeticmachines as well as business website at http://penglaichina.com
Chinese yuan weakens to 4-year low against US dollar
 
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The central parity rate of the Chinese currency, the renminbi or yuan, depreciated to 6.5646 against the US dollar on Thursday. This is the lowest level since March 18, 2011, data from the China Foreign Exchange Trading System (CFETS) showed. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 570 CGTN
How Far Will the Yuan Fall?
 
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http://www.forexconspiracyreport.com/how-far-will-the-yuan-fall/ How Far Will the Yuan Fall? By www.ForexConspiracyReport.com Due to persistent slowing of the Chinese economy the People’s Bank of China is cutting the Yuan reference rate on a daily basis. Capital outflows are driving the Yuan down and with a repeatedly lower reference rate the Yuan exchange rate is falling. How far will the Yuan fall? Bloomberg Business writes about the subject as the Yuan posts its longest losing run in months. China’s yuan weakened for an eighth day, the longest run of losses since June, on increased capital outflows and speculation that the central bank is guiding the currency lower to help an economy growing at the slowest pace in 25 years. The People’s Bank of China cut the yuan’s reference rate for the seventh day in a row after a barometer of capital flows posted the second-biggest drop on record. This followed the authority’s move on Friday to play down the currency’s recent losses by saying its performance shouldn’t be measured against the dollar alone. While the PBOC was seen propping up its exchange rate in the past few months, it has allowed declines on all but one day since winning International Monetary Fund reserve status on Nov. 30. The China Foreign Exchange Trade System, which is run by the PBOC to facilitate interbank trading, published a new yuan index composed of 13 currencies, a development seen as setting the stage for a further decline against the dollar. The Chinese government is using smoke and mirrors in an attempt to make the situation look less dire. The new basket of currencies against which the Yuan will be compared excludes the USD so the news will not include the fact that the Yuan is falling persistently against the primary Forex currency. Another instance of trickery was the announcement by regional officials that they had lied about economic growth rates in the past. It turns out that instead of a region growing at 9% it was really growing at 3%. Thus the fact that today the region is growing at 2% really is not such a bad thing! How Far Will the Yuan Fall? Macro Business asks the exact question that we are asking. How far will the Yuan fall? Is the yuan going to fall 50%? When thinking about the non-linear effects of the financial markets, it isn’t impossible. One Chinese bank has called for as many as three 15% one-off devaluations. Fundamentals and sentiment have favored the bears for several years, and now its time when reflexivity will really start kicking in. The shift from bullish to bearish on the yuan is a huge sentiment move, but most economists are still predicting small moves. [This is v]ery unlikely given the history of financial markets. Here we have a prediction that the Yuan could fall as much as 45 to 50%. Pace of U.S. Interest Rate Increases To an extent how far the Yuan falls is due to a strengthening dollar instead of a weakening Yuan. However it appears that the market has already priced in the first Fed rate increase. Reuters speculates that there will be a limit to U.S. rate increase hikes. The dollar edged lower against major currencies on Monday on worries that heightened market volatility caused by an oil price slump and turmoil in credit markets could limit the number of U.S. interest rate hikes and dampen the greenback's allure. The dollar index has been down 2.5 percent so far this month, much of it due to profit-taking as investors have fully priced in the first U.S. interest rate increase in nine years. The Federal Reserve is expected to deliver that policy move on Wednesday, with investors now focused on the pace of tightening after that. How far will the Yuan fall? China needs to clean up its credit mess and adjust its economy away from being solely export driven. It needs to let its currency fall as the market dictates. The issue with the Yuan is the Chinese economy and not the USD. https://youtu.be/KI_86JSAMtg
Views: 74 ForexConspiracy
USDJPY & Chinese Yuan Live Market Analysis - Oct 8, 2018
 
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Live video market updates and analysis with Jasper Lawler. RW: 79% of our retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing money. See More At: www.lcg.com/uk/analysis Twitter: @LCGTrading Facebook: https://www.facebook.com/Londoncapitalgroup
Views: 2046 London Capital Group
Pegging the yuan | Money, banking and central banks  | Finance & Capital Markets | Khan Academy
 
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How the Chinese Central Bank could peg the Yuan to the dollar by printing Yuan and buying dollars (building up a dollar reserve). Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/currency-tutorial/v/chinese-central-bank-buying-treasuries?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/currency-tutorial/v/currency-effect-on-trade-review?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This tutorial walks through how China's undervaluing of its currency impacts trade and prices (which also fuels cheap borrowing for the U.S.). About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 109655 Khan Academy
Internationalizing the Yuan
 
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http://www.forexconspiracyreport.com/internationalizing-the-yuan/ : Internationalizing the Yuan China has a number of issues to deal with relating to their economic growth and history of currency manipulation. The fast growing Chinese economy has accumulated billions of dollars' worth of assets denominated in foreign currencies. The keys to Chinese success have been first of all a cheap labor pool and significant foreign investment in Chinese industry. And second the Chinese have continually purchased US dollars on the Forex markets and purchased US government debt. This second tactic has served to keep the value of their currency unusually low and allowed them to attractively price their exports. Unfortunately for China not all good things last. First of all the recession has hit Europe hard and Europe has been China's best customer. It has also hit North America so that neither of the two greatest economies in the world is buying as much from China. And the US government is going through a prolonged period of dysfunctionality. The threat of debt default scares China which holds billions in US denominated currency and bonds. But, where does China dump these assets without further devaluing what they hold. One solution is what China is going about doing, internationalizing the Yuan and that will lead to the Yuan fluctuation with other foreign currency exchange rates. Internationalizing the Yuan, within Limits Most recently Singapore and China announced direct trading between their currencies. This adds Singapore to Hong Kong, Taiwan, and London as offshore hubs for Yuan based investment. In the case of Singapore there will be a $8 billion quota (50 Billion yuan). Institutions in Singapore will be able to invest in Chinese domestic securities. The program is called the Renminbi Qualified Foreign Institutional Investor. In addition, Chinese institutional investors will be able to use the Yuan to purchase available securities in Singapore. Just recently a similar program was opened in London in which direct trading between the GBP and Yuan was started. China is in the process of internationalizing the Yuan within limits. The problem China will have with internationalizing the Yuan is that they will need to let its value float against other currencies. That will be detrimental of Chinese exports if the Yuan drifts too high in international markets. Currently these markets allow the Yuan to trade within limits against the USD, Yen, AUD, GBP, and Singapore dollar. On the horizon is a program to let Chinese investors convert their Yuan for overseas investments through these limited venues. Trading while China Is Internationalizing the Yuan Current exchange rates are around six Yuan to the US dollar and five to the Singapore dollar. Volatile markets of late have raised both prospect of profit and loss in trading the Yuan. However, as China succeeds in internationalizing the Yuan they will succeed in having foreign contracts written in Yuan instead of US dollars and possibly end up being a safe haven currency even as being a safe haven currency may escape the USA. The driving force behind the relative value of the Yuan still is the desire to protect Chinese exports. However, the Chinese have to a degree painted themselves into a corner with that policy and if they want to be successful in internationalizing the Yuan they will need to let it float and that could spell profits for traders who are adept at predicting changes in foreign currency rates. http://youtu.be/yi5gnX2-bQk
Views: 474 ForexConspiracy
Trading in Chinese currency begins in Taiwan
 
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1. Close-up sign reading Chinese Yuan in Chinese characters 2. Wide of foreign exchange rates board 3. Various shots of Chinese Yuan notes being counted by counting machine 4. SOUNDBITE (Mandarin): Wang Wen-lung, Deputy general manager of foreign department of Mega International Commercial Bank: "If we receive counterfeit notes of Chinese Yuan worth under US Dollars 200, our bank will confiscate the notes. If the value is over USD 200, we will call the police." 5. Close-up one counterfeit and one genuine Chinese Yuan note 6. Wang pointing out differences 7. SOUNDBITE (Mandarin): Wang Wen-lung, Deputy general manager of foreign department of Mega International Commercial Bank: "Once the Chinese mainland tourists come in, there will be more banks which offer this exchange service. Then it will help decease our costs. In that case, the exchange rate will decrease too." 8. Tilt down from sign reading "Currency Exchange" to money counting machine 9. Close-up Chinese Yuan bill 10. Tilt down sign showing domestic flight details to foreign exchange counter 11. Foreign Exchange sign reading "Chinese Yuan exchange" in Chinese characters STORYLINE: The Chinese Yuan was on Monday officially available for exchange in Taiwan's local banks, paving the way for the arrival of mainlanders on charter flights this Friday. A person can exchange the equivalent of 20-thousand yuan or 88-thousand New Taiwan dollars (2,912 US dollars) at one time, Taiwan Central Bank had announced last week. Currently the yuan, or RMB which stands for Renminbi in Mandarin, can only be traded legally on Kinmen and Matsu, two islands close to the Chinese coast, which Taiwan retained after it split from the mainland in 1949. However, a strong gray market supports its exchange in Taipei and other major Taiwanese cities. Wang Wen-lung, deputy general manager of foreign department of Mega International Commercial Bank, said the bank has shown staff on how to recognise counterfeit RMB notes. "If we receive counterfeit notes of Chinese Yuan that worth under US Dollars 200, our bank will confiscate the notes. If the value is over USD 200, we will call the police," he said. The current exchange rate for RMB is 4.554 Taiwanese dollars. The rate is maintained relatively high due as the costs for banks to buy RMB is high too, added Wang. "Once the Chinese mainland tourists come in, there will be more banks which offer this exchange service. Then it will help decease our costs. In that case, the exchange rate will decrease too," he said. About four (m) million Taiwanese visit China yearly. Under a new agreement between Taiwan and China that will take effect this week, an estimated 300-thousand Chinese tourists could visit Taiwan every year. The first charter flight across the Taiwan Straits will be launched on July 4, and the direct visit by mainland visitors will begin on July 18. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/31df5bdf394e2a982cf96d35f8d08770 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 233 AP Archive
Chinese yuan falls to four-year low against US dollar
 
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The Chinese yuan fell to a four-year-low against the US dollar on Monday, with the central parity rate tumbling to 6.5190, its lowest value since May 2011, according to China Foreign Exchange Trade System. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 711 CGTN
China's yuan joins U.S. dollar, pound, yen, euro as reserve currency
 
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IMF, 中위안 SDR 바스켓 편입 발표…라가르드 "역사적 이정표" China's yuan has officially joined the elite club of reserve currencies,... marking a milestone for the Chinese government's campaign for recognition as a global economic power. The yuan on Saturday joined the U.S. dollar, the euro, the yen and British pound in the IMF's so-called "special drawing rights" or SDR basket, which determines currencies that countries can receive as part of IMF loans. The People's Bank of China hailed the inclusion,... saying it's an affirmation of the success of China's economic development and results of the reform and opening up of the financial sector. The bank added that China will use the opportunity to further deepen economic reforms and open up the sector to promote global growth. The IMF announced last year that it would add the yuan to the SDR basket, so the inclusion is not expected to shake up financial markets. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 1176 ARIRANG NEWS

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