For instance, Iranian traders have the option of trading in Chinese yuan-denominated crude oil futures on the Shanghai International Energy Exchange - circumventing any restrictions on dollar-denominated trade and U.S.
moreBEIJING, May 8 (Reuters) - China's April exports denominated in yuan rose 3.7 percent from a year earlier, the General Administration of Customs said on Tuesday, compared with a decline of 9.8 percent in March.
more| 07 May 2018 21:33 | Bloomberg |
China has a long list of financial reforms to tackle before the yuan can rival the global role of the dollar, according to JPMorgan Chase & Co.
moreBEIJING, May 8 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 90 basis points to 6.3674 against the U.S.
moreBEIJING, May 7 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 63 basis points to 6.3584 against the U.S.
more| 06 May 2018 18:03 | The Punch |
Indeed, every CBN Governor recognises this responsibility, but the actual spread of such holdings was never clearly defined, while the dollar remained the CBN's choice currency”.
more| 04 May 2018 00:48 | Wall Street Journal |
That China isn't letting the yuan fall as much against the dollar as the euro or yen suggests Chinese officials are mindful of how their currency policy appears to the Trump administration, said Robin Brooks, chief economist at the Institute of ...
moreChina signs 15 billion yuan currency swap agreement with Nigeria. Reuters Staff. 1 Min Read. BEIJING (Reuters) - China's central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2 ...
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