Latest News for: Chinese renminbi

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BRICS Mulling ‘Petroyuan’ in New De-Dollarization Attempt Ahead of Next Summit: Report

The Daily Hodl 07 Oct 2024
... oil payments system – potentially using the Chinese yuan ... “The main beneficiaries of the renminbi’s greater role will be Chinese banks, making badly needed profits out of the recycling process.
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Russia can rely on China for the yuan, but China can't rely on anyone else

Business Insider 04 Oct 2024
"Russian authorities diversified the country's foreign exchange reserves in large part by buying renminbi assets, but a similar option is not possible for Chinese authorities," wrote Greene on Thursday.
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Yellow metal prices continue to surge

China Daily 04 Oct 2024
On Sept 25, spot gold prices surged to a historic high of $2,670 per ounce, and may continue to keep hitting record highs, while gold prices denominated in Chinese renminbi on the Shanghai Gold Exchange also witnessed an uptick.
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Yuan eyes top currency spot in oil trade, experts say replacing dollar will be lengthy

Anadolu Agency 30 Sep 2024
The dollar's share of the global foreign exchange market is currently around 60% compared with 72% in 2000 while the Chinese renminbi has gone from zero to 2.6% over the same period.
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Chinese yuan strengthens to 7.0074 against USD Monday

Xinhua 30 Sep 2024
30 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 27 pips to 7.0074 ...
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Market exchange rates in China -- Sept. 30

Bahrain News 30 Sep 2024
30 (Xinhua) -- The following are the central parity rates of the Chinese ...
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China’s yuan shows strengthening against US dollar on Monday

MENA FN 30 Sep 2024
(MENAFN) On Monday, the central parity rate of the Chinese currency, known as the renminbi or yuan, saw an increase of 27 pips, bringing its value to 7.0074 against the U.S. dollar, as reported by ... .
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China stocks surge in biggest single-day rally since 2008 on stimulus cheer

Khaleejtimes 30 Sep 2024
That lit a fire under beaten-down Chinese equities that had been languishing near multi-year lows as recently as early this month, as investors fretted over China's growth prospects ... ($1 = 7.0128 Chinese yuan renminbi).
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Rising Sino-African trade drives demand for Chinese yuan: experts

Xinhua 27 Sep 2024
African governments and traders are increasingly turning to the Chinese yuan, or renminbi, to settle financial transactions with China, bypassing the U.S.
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Chinese yuan strengthens to 7.0101 against USD Friday

Xinhua 27 Sep 2024
27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 253 pips to 7.0101 ...
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Market exchange rates in China -- Sept. 27

China.dot.org 27 Sep 2024
BEIJING, Sept. 27 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Friday by the China Foreign Exchange Trade System. ... U.S. dollar 100 701.01. Euro 100 783.26.
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RMB, stocks rally amid stimulus

China Daily 26 Sep 2024
The renminbi rallied to its strongest level in more than a year and Chinese equities continued their rebound on Wednesday, after a potent policy package lifted investors' confidence in the Chinese economy, which is expected to sail through headwinds.
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Chinese yuan weakens to 7.0354 against USD Thursday

Xinhua 26 Sep 2024
26 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 152 pips to 7.0354 against ...
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Analysis-Chinese banks in need of capital injection to give thrust to economic stimulus steps

Colorado Springs Gazette 26 Sep 2024
The funding will mainly come from the issuance of special sovereign bonds, it said, in what would be the first time that authorities have capitalised the Chinese banks since the global financial crisis ... ($1 = 7.0246 Chinese yuan renminbi).
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Market exchange rates in China -- Sept. 26

Xinhua 26 Sep 2024
BEIJING, Sept. 26 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the China Foreign Exchange Trade System. ... U.S. dollar 100 703.54 ... ■ ... 26. .
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