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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 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.
USD RMB Exchange Rate
 
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Views: 133 coolkemme3
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: 2363 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: 194808 China Uncensored
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
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: 109913 MJ Tube
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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USD-RMB Exchange Rate
Views: 715 bonnetwork
Yuan exchange rate talks
 
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The 6th Sino-US strategic and economic dialogue has wrap up in Beijing. On the second day of talks, delegates held extensive discussions on technology and financial cooperation. A key issue during the talks has been the yuan exchange rate. It's also a contentious point in the U.S.-China relationship because Washington claims the RMB is undervalued.
Views: 110 CGTN
The relationship between the Current Account Balance and Exchange Rates
 
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This lesson will illustrate 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. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 109742 Jason Welker
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: 6446 The Money GPS
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
Dollar out, Yuan in: Iran changes benchmark currencies
 
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Iran has removed the US Dollar from its official currency rate reporting platform and replaced it with China’s Yuan in an effort that the media in Tehran say could be a key step toward ditching the greenback in trade. Watch Live: http://www.presstv.com/live.html YouTube: https://www.youtube.com/user/videosptv/ Twitter: http://twitter.com/PressTV LiveLeak: http://www.liveleak.com/c/PressTV Facebook: http://www.facebook.com/PRESSTV Google+: http://plus.google.com/+VideosPTV Instagram: http://instagram.com/presstvchannel Dailymotion: http://www.dailymotion.com/presstv
Views: 3210 PressTV
Petro-Dollar To Petro-Yuan & The Future Of The US Dollar
 
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As the social media world slowly tightens up on the real truth, we have decided to build out our own website that you can be a part of. Please consider helping out by investing in our new website: http://savedsoberawake.com/help-build-out-saved-sober-awake The Petro-Dollar To Petro-Yuan Shift Is Underway Now And It Will Kill The Dollar The petrodollar is the glue of the current monetary system which goes back to 1971 when the dollar was unpegged from gold. There was a massive destabilization period that followed this change. The petrodollar is based on getting OPEC and the Saudis to price oil in dollars. It pegged the monetary system into a credit cycle which has built from that point forward. The world needed dollars, so they started to buy U.S. debt. China and other nations are increasingly moving away from the dollar. They are creating their own systems such as the Petro-Yuan. This credit cycle will become unwound as various countries stop using petrodollar debt. In essence, the mechanics of the change are already in place. At some point soon they will lose control of the interest rate cycle. Central banks have control the overnight rate, but the buyers ultimately control the longer-term bonds. Once power is lost there will be a rapid compounding effect of stagflation. The bottom line will be higher costs of living and there will be a transfer of assets to hard assets like commodities. https://www.silverdoctors.com/headlines/world-news/the-petro-dollar-to-petro-yuan-shift-is-underway-now-and-it-will-kill-the-dollar/ Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me. John 14:6 “In whom we have redemption through his blood, the forgiveness of sins, according to the riches of his grace;” Ephesians 1:7 God bless you and your families. Know Jesus! (1 Corinthians 15:1-4) Best relationship you will ever have. Federal Reserve Explained In 7 Minutes https://youtu.be/IHVHVWRy7l4 1988 Economist One World Currency In 2018 - Phoenix Coin https://youtu.be/cD_PBOpGKKc New videos are posted daily. Subscribe to our channel: http://www.youtube.com/c/ShakingMyHeadProductions ///////
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: 42694 Austin In China
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: 881 China Non-Stop
China's Fixed Exchange Rate - ECON 332 Presentation
 
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Powerpoint Creation & Animation Credit - Melanie Petersen Audio Credit - Eric Neo Video Editing - Mitch Patterson Script Creation - Steven Li, Melanie Petersen, Eric Neo, Mitch Patterson
Views: 1301 Mitchell Patterson
7-Eleven to begin offering Chinese yuan currency exchange
 
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Next month three 7-Eleven outlets will begin offering conversion of Chinese yuan into the New Taiwan dollar. The service has sparked some concerns, however, about potential impact to Taiwan’s currency sovereignty. Beginning Feb. 1, 7-Eleven will offer currency conversion of Chinese yuan into NT dollars. Only one-way transactions will be permitted, meaning 7-Eleven will only accept yuan and not convert NT dollars into yuan. Also, there is a daily cap on transactions, with each individual limited to converting 20,000 yuan a day.In 2012, FamilyMart had three stores which began offering this service, though only individuals with entry/exit permits were able to exchange yuan based on rates set by Taiwan Bank. 7-Eleven will only accept 100 yuan notes and will charge a NT$40 service fee. Family Mart accepts all banknotes and doesn’t charge a service fee.TouristI think it will be handy if convenience stores offer conversion of yuan. Going to a bank is troublesome.While tourists say it will be more convenient, some lawmakers believe that widespread use of the yuan will compromise Taiwan’s currency sovereignty.Lai Chen-changTSU LegislatorWe think this could be a very serious problem. If conversion of the yuan becomes more commonplace, the next step could be circulation and use of this currency. Taiwan’s economic and currency sovereignty would be united with China. 7-Eleven hopes to eventually expand the service to other outlets. It sees scale reaching up to NT$100 million.
Views: 584 Formosa EnglishNews
U.S. Dollar Will No Longer be World Reserve Currency as Economic Warfare Escalates!
 
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Look Inside My Book!: http://book.themoneygps.com ******************************************************************** My Free eBooks: FLUORIDE: http://fluoride.themoneygps.com GMO: http://gmo.themoneygps.com VACCINES: http://vaccines.themoneygps.com Tools You NEED to Prepare for the COLLAPSE: http://amazon.themoneygps.com ******************************************************************** Sources: "A Brief History of Bretton Woods System - TIME" http://content.time.com/time/business/article/0,8599,1852254,00.html "Yuan to supersede dollar as top reserve currency: survey" http://www.cnbc.com/id/101450365 "Lew Signals Yuan Not Ready for IMF Blessing as Reserve Currency - Bloomberg Business" http://www.bloomberg.com/news/articles/2015-03-31/lew-urges-china-to-ease-capital-controls-to-widen-yuan-s-use "Internationalization of the renminbi - Wikipedia, the free encyclopedia" http://en.wikipedia.org/wiki/Internationalization_of_the_renminbi
Views: 34656 The Money GPS
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: 270287 NowThis World
My Foreign Currency Collection 2018 + Exchange Rates USD
 
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So here it is people. Part 1 of my currency collection. In this video I show you the foreign bank notes I've collected throughout the years. In the next video I will show you the coins that my wife and I have collected! Exchange rate to USD included. Foreign Bank Notes in this video: Bolivian Bolivianos, Brazilian Real, Canadian Dollar, Chinese Renminbi Yuan, Chinese Wu Jiao, Chinese Yi Yuan, Danish Krone, European Euro, Haitian Gourde, Hong Kong Dollar, Hungarian Forint, Icelandic Krona, Indonesia Rupiah, Italian Lira, Jamaican Dollar, Japanese Yen, Mexican Peso, Mongolian Tögrög (Tugrik), Nigerian Naira, Swedish Krona, Philippine Piso, Polish Zloty, Singapore Dollar, South Korean Won, Norwegian Krone, Turkish Lira and the British Pound (United Kingdom) Pound. Social Media: ► www.linkedin.com/in/theangryspud ► Ask Me Anything: https://ask.fm/TheAngrySpud ► Discord: https://discord.gg/HJeDn72 ► Website: https://www.theangryspud.com/ ► Twitter: https://twitter.com/theangryspud28 ► Instagram: https://www.instagram.com/eliterb28/ ► Snapchat: www.snapchat.com/add/eliterb28
Views: 17144 The Angry Spud
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: 451 CGTN
USD/CNY Forex Rates and Currency Converter (PC)
 
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Quick guide to your foreign exchange rates and currency converter for the PC. Instantly converts and calculates between two pairs of currencies. Download direct: http://currencyconverterpc.com/download/ More details: http://currencyconverterpc.com
Views: 166 aquariussoftdr
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: 108648 Khan Academy
China's Attack On The Dollar: What Does It Mean?
 
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China has been accumulating gold for years, and are now taking steps to tie it to yuan. Interest rates in the U.S. are rising, and the Chinese are not so eager to keep piling up on U.S. dollars and U.S. Treasury debt. Ron Paul discusses on The Liberty Report!
Views: 136294 RonPaulLibertyReport
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: 225 CGTN Africa
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: 989 DailyFX
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
Gold-Backed Chinese Yuan to Replace USD as Reserve Currency
 
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Peter Schiff on RT Boom Bust 11/17/2015 Sign up for my free newsletter: http://www.europac.net/subscribe_free_reports Peter Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com/PeterSchiff Follow me on http://www.Twitter.com/PeterSchiff
Views: 147177 Peter Schiff
Yuan exchange rate reforms to hit speculators
 
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China loosened its grip on the yuan-to-dollar exchange rate last Saturday, widening its daily trading band to two percent from one. The change went into effect on Monday. Analysts said the move will not only discourage speculation, but also hasten the internationalization process for the yuan.
Views: 226 New China TV
🇨🇳 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: 105187 Al Jazeera English
Yuan-Euro exchange rate falls below 10
 
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For more information yon can refer to http://www.chinaassistor.com/
Views: 383 stephanywoo
Putting On a Long-Term US Dollar/Chinese Yuan Trade
 
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Learn to invest and trade: http://www.informedtrades.com Key points in this video: 1. USDCNH is has fallen back into its price channel and is now at the top trendline of the channel. Given the ongoing initiatives of the PBOC to internationalize the yuan, I think this may be a good time to short the yuan. Accordingly, I just entered a small position with my stop 1,000 pips above at 6.45 and a target profit of the lows from 2014 near 6.00. 2. We are seeing USD at resistance against EUR, and also approaching resistance against gold. This may fit the theme of USD weakness getting ready to appear. 3. If dollar weakness does appear, the holding pattern on TLT -- the ETF tracking long-dated US Treasury bonds -- may break south. We may also see oil rise too. 4. High grade copper continues to head south, and may complete an AB=CD pattern that would give it a target of around 2.03. I don't have a trade on here, but it may be a nice reward/risk setup for those who wish to trade copper.
Views: 466 InformedTrades
China stressed then in 2010 keep the rate stable RMB against USD,but see what on earth in 2013 ever
 
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So funny and rubbish from the mouth politicians! Then-Prime minister Wen Jiabao promised to keep the RMB stable the rate against USD,but see what happens on earth when the timetip points the 2014. Since 2010 the RMB has been appreciating against the USD for nearly 100times. China stressed then in 2010 keep the rate stable RMB against USD,but see what on earth in 2013 ever ,lies and cheats from the politicians mouth,dirty world! subscribe channal at http://youtube.com/user/videofilmfiles
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
unilateral appreciation from RMB against USD still haunts in 2014 Chinese Export&rate dilemma
 
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The yuan rose to its strongest level against the US dollar in nearly two decades yesterday, highlighting Beijing's determination to roll out more reforms to make its currency more flexible despite the short-term headwinds to exports. The renminbi has been trading near the upper limit of its daily trading band from February till June this year. Since June, the gap between the spot rate and the daily reference rate - which is set by the central bank as the middle point of the permissible trading band - has narrowed as expectations of yuan appreciation cooled following disappointing economic data from Beijing. But since late last month, the currency regained upward momentum as the government kept setting a stronger daily reference rate, at odds with data signalling a further slowdown that would logically prompt a weakening of the currency. The yuan closed at 6.1192 against the US dollar in Shanghai yesterday, marking the strongest level since the end of 1993. That was again near the top of the 1 per cent range in which the currency is allowed to deviate from the daily reference rate. Economists, however, said room for yuan appreciation from the current level was limited in the second half of this year and into 2014 as Beijing battled to keep economic growth around the 7.5 per cent mark - no mean feat given the relative loss of currency competitiveness seen since 2005 when the yuan's peg to the dollar was broken. It has strengthened by more than 30 per cent since and has gained 1.8 per cent so far this year. "China has a domestic crisis now. The regulators want to hold money in the country ... to prevent capital flight," said Andy Xie, an independent economist, who expected the currency to trade around the current level till the end of this year. In the offshore non-deliverable forwards market, which many analysts say gives the clearest view of where foreign investors believe the currency is headed, the yuan on a 12-month view has been trading at a discount of about 2.5 per cent to the onshore spot rate. The government kept the currency stable in 2008 in a bid to counter the global financial crisis. Now, said Xie, the regulators should continue to do so to counter a domestic economic slowdown. Some economists believe the central bank wants to send a signal by setting the reference rate at a strong level. "It could be a signal that Beijing wants to widen the trading band, as it mentioned earlier this year," said Liu Ligang, an economist at ANZ bank. "By pushing the currency to an unsustainable strong side, the PBOC intends to see it overshoot to the weak side pushed by market forces. It appears this policy move could be imminent," he said. The central bank increased the trading band to 1 per cent of either side of the reference rate from 0.5 per cent last year and the market has been expecting a further widening after a Communist Party plenary meeting in October. unilateral appreciation from RMB against USD still haunts in 2014,MORE latest videos about china bank financial system browse and subscribe channal at http://youtube.com/user/cosmeticmachinesa
Hong Kong dollar posts biggest increase against US dollar in 15 years
 
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https://inteldinarchronicles.blogspot.com/2018/09/hong-kong-dollar-posts-biggest-increase.html Hong Kong dollar posts biggest increase against US dollar in 15 years, after China introduces plan to sell bills in city PUBLISHED : Friday, 21 September, 2018, 7:52pm UPDATED : Friday, 21 September, 2018, 11:28pm The Hong Kong dollar on Friday posted its biggest gain against the US dollar since 2003, over concerns about tighter liquidity in the city, after the People’s Bank of China announced it would issue bills in the city. Late on Thursday, the PBOC, China’s central bank, and the Hong Kong Monetary Authority, the city’s de facto central bank, signed an agreement for using Hong Kong to issue yuan-denominated bills in the offshore market. Hong Kong dollar trapped in weaker cycle, with the doldrums to last for months, traders say The Hong Kong dollar surged by as much as 0.63 per cent to 7.7930 per US dollar on Friday, moving to the strong end of its trading band of between 7.75 and 7.85 per greenback. “The issuance of PBOC bills in Hong Kong aims to enrich the spectrum of renminbi financial products of high credit rating in Hong Kong, improve the yield curve of renminbi bonds in Hong Kong and support the development of offshore renminbi business in Hong Kong,” the Chinese central bank said in a statement. Analysts said the introduction of sales of bills appeared to be an effort by the Chinese central bank to drain yuan-denominated liquidity and to help put a floor under the yuan exchange rate in the offshore market. The size and timing of bill issuances was not announced. Hong Kong Monetary Authority spends HK$1.77 billion to defend currency The announcement led to tightened liquidity in the Hong Kong banking system, because of “massive liquidation” by traders who were previously selling the Hong Kong dollar and buying the US dollar, they said. “There’s a stampede of unwinding of arbitrage trades, which is creating a domino effect of tighter liquidity,” said Jasper Lo, chief investment strategist at Eddid Securities and Futures. “It really is a historical day for the Hong Kong dollar.” Lo said tighter liquidity would push up interest rates ahead of the expected interest rate increase by the US Federal Reserve next week. The currency had been hovering near the weak end of its peg against the US dollar this year. Stephen Innes, head of trading at Oanda, said that while the market reaction had taken tremendous amount of pressure off the currency peg, it was a worrisome sign for property investors nonetheless. Liquidity at Hong Kong banks is likely to remain tight for the foreseeable future, until the PBOC’s intentions are clear, which would bring the soaring real estate prices in Hong Kong closer to a tipping point given the highly leveraged nature of the city’s property market. Explainer: What ails the Hong Kong dollar? It is the carry trade “We are going to see more PBOC presence in Hong Kong money markets after the memorandum … and the PBOC will probably continue taping and draining the Hong Kong money markets and pushing rates, which is an ominous sign for property markets,” said Innes. Source: SCMP
Views: 832 gary larrabee
CURRENCY WAR! 40 Countries Buy Yuan & Drop U.S. Dollar!
 
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Where the TRUTH is EXPOSED and SCANDALS UNCOVERED: http://truth.themoneygps.com ******************************************************************** The Money GPS by David Quintieri featuring Bob Chapman, James Turk, and David Morgan. Look Inside the Book!: http://book.themoneygps.com My Free eBooks: FLUORIDE: http://fluoride.themoneygps.com GMO: http://gmo.themoneygps.com VACCINES: http://vaccines.themoneygps.com Join The Money GPS Insiders: http://themoneygps.com PREPARE for the COLLAPSE: http://amazon.themoneygps.com ******************************************************************** Beijing, Seoul agree to direct trade in national currencies Beijing promotes greater use of its currency overseas BRICS morphing into anti-dollar alliance establish an international alliance of countries willing to get rid of the dollar in international trade and refrain from using dollars in their currency reserves Russian-led 'gas OPEC' may emerge soon Central banks' investment in yuan puts currency nearer reserve status At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility Sources: http://voiceofrussia.com/news/2014_07_04/Beijing-Seoul-agree-to-direct-trade-in-national-currencies-4477/ http://voiceofrussia.com/2014_07_03/BRICS-is-morphing-into-an-anti-dollar-alliance-6229/ http://voiceofrussia.com/2014_05_07/Russian-led-gas-OPEC-may-emerge-soon-4451/ http://www.zerohedge.com/news/2014-04-08/40-central-banks-are-betting-will-be-next-reserve-currency http://www.scmp.com/business/banking-finance/article/1466621/central-banks-investment-yuan-puts-currency-nearer-reserve
Views: 133974 The Money GPS
China's Yuan spikes after week long plunge
 
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The central parity rate of the Chinese currency renminbi strengthened by 10 basis points to 6.5626 against the U.S. dollar on Monday. It came after the RMB dipped to a five-year low against the greenback last week. As the yuan is under persistent depreciation pressure, Ma Jun, the PBOC's chief economist, said the RMB's exchange rate will be determined with more reference to a basket of currencies.
Views: 131 New China TV
US Dollar strong against RMB Chinese Yuan near limit down: Yuan up or down in 2015?
 
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For years, China has kept its currency from strengthening too much against the dollar. Now, it might need to arrest a slide in the value of the yuan to prevent strain in the country's financial system. A sharp depreciation could send more money fleeing the country, affecting domestic property and debt markets. It could also make it harder for Chinese businesses to repay U.S. dollar debt. The yuan -- or renminbi -- has lost nearly 1% against the dollar in the last two months, after falling 2.5% last year, and investors are losing faith in a rebound. Worried investors initially pulled money out of China over poor economic growth prospects, leading to currency depreciation. But the two trends are linked, according to RBS economist Tiffany Qiu, who said that "massive currency depreciation again may have caused further capital outflow." Experts say currency volatility and capital flight are among many risks that China faces as it reforms its financial system and integrates into the global economy. Giving markets a greater role makes it harder to maintain strict controls on money coming in and out of the country. And promoting the yuan as a global currency means the government needs to get used to more fluctuations in its value. All eyes will be on the government next week, when it will announce its economic agenda. Historically, China has kept tight control of the yuan. Favorable exchange rates have helped to boost exports and manufacturing, and drawn accusations from the U.S. that the currency has been kept artificially low. But Beijing has begun to loosen its grip -- last March, the central bank doubled the permitted trading range for the yuan. Since then, the currency has largely moved down as concerns about slowing economic growth have spread. Those worries, and waning property prices, mean investors "may have quickened their asset diversification into foreign assets," wrote Donna Kwok, an economist at UBS, in a research note. Overseas property investment by Chinese, for example, has skyrocketed in prime cities such as London. Kwok expects the yuan to lose more value this year, but says it won't suffer a steep plunge. Capital flight will continue, too, though not at a rate that will alarm policymakers just yet. China's huge trade surplus and massive currency reserves provide a healthy cushion. But if the situation persists, economists expect the central bank to use a variety of tools to keep enough cash flowing through the financial system, including moves that would allow banks to keep less cash in reserve US Dollar strong against RMB Chinese Yuan near limit down: Yuan up or down in 2015?,for more information about china world news visit site at http://youtube.com/user/cosmeticmachines as well as business youtube http://penglaichina.com
Coin 1 fen 2005 Chinese money Renminbi 中國 1分, China монета фень Нумизматика Китая
 
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Chinese money The Renminbi (Ab.: RMB; Chinese: 人民币; pinyin: About this sound rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to mention the Renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The Renminbi is issued by the People's Bank of China, the monetary authority of China.[5] Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its historical transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity.[6] More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012.[7] Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013,[8] and 5th in 2015 Частый вопрос в кроссвордах: "монета Китая 4 буквы" - юань или фень, но на ваших экранах часть китайского юаня монета 1 фэнь 2005 года Фынь, реже фэнь (кит. 分, пиньинь: fēn, палл.: фэнь) — первоначально единица измерения массы, затем денежная единица. Юа́нь (кит. трад. 圓, упр. 元, пиньинь: Yuan) — современная денежная единица Китайской Народной Республики, в которой измеряется стоимость жэньминьби (кит. упр. 人民币, пиньинь: Rénmínbì, буквально: «народные деньги», сокращённо RMB). Одна из основных резервных валют мира, входит в «корзину» специальных прав заимствования МВФ[1]. Международное обозначение валюты в стандарте ISO 4217 — CNY. Один юань делится на 10 цзяо (角), которые, в свою очередь, делятся на 10 фэней (分). Например, сумма в 3,14 юаня произносится как 3 юаня 1 цзяо 4 фэня (三元一角四分). Слова цзяо и фэнь также обозначают десятичные приставки 10−1 и 10−2 соответственно. В обращении находятся монеты номиналом 1, 2, 5 фэней, 1 и 5 цзяо, 1 юань. Эмиссионный институт — Народный банк Китая (учреждён 1 декабря 1948). С 1994 по июль 2005 юань был жёстко привязан к доллару США с обменным курсом 8,28:1. Надписи на четырёх языках — (чжуанском, монгольском, уйгурском, тибетском), являющимися официальными в автономных районах Китая — (Гуанси-Чжуанском, Монгольском, Синьцзян-Уйгурском и Тибетском), имеются на всех китайских банкнотах[2]. В Общероссийском классификаторе валют национальная валюта Китая называлась: китайским юанем (с 26.12.1994 по 01.01.2001), юанем Ренминби (с 01.01.2001 по 01.02.2007), юанем Жэньминьби (с 01.02.2007 по 2009 год), юанем (с 2009 года по настоящее время). По данным агентства Bloomberg, в межбанковском обороте в системе SWIFT в период с мая 2013 по май 2014 годов доля юаня составила 1,47 % (0,84 % годом ранее). При этом доля американского доллара (за тот же промежуток времени) — 42 %, евро — 32 %, российского рубля — 0,35 % Современные монеты Китая Каталог Information: Krause number KM# 1 Country China Period People's Republic (1999 - 2017) Period People's Republic (1955 - 1999) Coin type Circulation coins Denomination 1 fen Year 1955-2015 Composition Aluminium Edge type Milled Shape Round Alignment Medal (0°) Weight (gr) 0.67 Diameter (mm) 18 Thickness (mm) 1.3 ********************************************************************** Стоимость, цена монеты на интернет аукционах и нумизматических магазинах : 0.11- 0,3 USD USD ********************************************************************* ღ♥Подпишись на канал !ღ♥ ********************************************************************** The average price of coin auctions / coin stores : 0.11- 0,3 USD ******************************************************************* Композиция "Carol Of The Bells" принадлежит исполнителю Audionautix. Лицензия: Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/). Исполнитель: http://audionautix.com/
Views: 1091 НУМИЗМАТ
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
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
How do global markets perform after Yuan falls?
 
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China's central bank announced Tuesday it will improve its central parity system to better reflect market development in the exchange rate. Following the change, the central parity rate of the Chinese currency renminbi, or Yuan, weakened sharply by nearly two percent against the U.S. dollar. That pushed the currency to its lowest against the dollar in almost three years. And how do global markets perform after Yuan falls?
Views: 87 New China TV
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: 707 CGTN
China‘s new exchange rate system and its consequences
 
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14 August 2015: In China’s new, freer exchange rate system the country’s macroeconomic weaknesses will have a bigger impact on the exchange rate. We have therefore revised our USD-CNY forecast substantially upwards. Nonetheless, we still believe that the first US interest rate hike is more likely to happen in September than in December. For more information please click refer to the web site of our Chief Economist https://www.commerzbank.de/en/hauptnavigation/research/research.html
Views: 152 Commerzbank AG
China to stick to reforms in RMB exchange rate
 
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Views: 41 CCTV English