Latest News for: Chinese renminbi

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China’s CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi

CoinGape 29 Jul 2021
Chinese central bank is all keen on internationalizing the use of the national currency Renminbi (RMB) in the international market, and its central bank digital currency is a key step in this direction ... China’s central bank digital currency Digital Renminbi (e-CNY) is currently undergoing multiple tests.
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Chinese yuan weakens to 6.4942 against USD Thursday

China.dot.org 29 Jul 2021
BEIJING, July 29 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened ...
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Market exchange rates in China -- July 29

Sina 29 Jul 2021
BEIJING, July 29 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced Thursday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 649.42. Euro 100 769.32. Japanese yen 100 5.9115. Hong Kong dollar 100 83.502 ... Enditem.
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Chinese yuan weakens to 6.4929 against USD Wednesday

Sina 28 Jul 2021
BEIJING, July 28 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 195 ...
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Market exchange rates in China -- July 28

Beijing News 28 Jul 2021
BEIJING, July 28 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Wednesday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 649.29. Euro 100 767.41. Japanese yen 100 5.9147. Hong Kong dollar 100 83.422 ... ....
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Analysis-Tesla Hikes Electric Car Prices in U.S.; Holds Line in China

FX Empire 28 Jul 2021
Bernstein analyst Toni Sacconaghi said introduction of the lower-priced Model Y in China “may make sustained margin improvement difficult” for Tesla and raises questions about “the health of Chinese demand.” ... CATL and LG’s Chinese factory ... ($1 = 6.5104 Chinese yuan renminbi).
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Analysis: Tesla hikes electric car prices in U.S.; holds line in China

Reuters 28 Jul 2021
... and raises questions about "the health of Chinese demand." ... ($1 = 6.5104 Chinese yuan renminbi)Reporting by Eva Mathews, Subrat Patnaik and Nivedita Balu in Bengaluru and Hyunjoo Jin in Berkeley, California; Editing by Peter Henderson, David Gregorio and Gerry Doyle.
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Tesla hikes electric car prices in U.S.; holds line in China

Metro USA 28 Jul 2021
Bernstein analyst Toni Sacconaghi said introduction of the lower-priced Model Y in China “may make sustained margin improvement difficult” for Tesla and raises questions about “the health of Chinese demand.” ... ($1 = 6.5104 Chinese yuan renminbi).
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Chinese yuan strengthens to 6.4734 against USD Tuesday

Sina 27 Jul 2021
BEIJING, July 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened ...
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Market exchange rates in China -- July 27

Beijing News 27 Jul 2021
BEIJING, July 27 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 647.34. Euro 100 764.18. Japanese yen 100 5.8661. Hong Kong dollar 100 83.229 ... ....
photo: Creative Commons
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Maintaining US dollar's preeminence is key to U.S. national security

The Hill 26 Jul 2021
When compared to the dollar, the Chinese renminbi accounts for only a fraction of global usage, but the CCP’s progress with the development of a digital yuan could pose a threat to the U.S ... Despite Chinese claims that they have no interest in promoting the renminbi as an ...
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Yuan now 3rd most traded currency

The Manila Times 26 Jul 2021
After scrapping quota restrictions on investment via the Qualified Foreign Institutional Investor and the yuan-denominated Renminbi Qualified Foreign Institutional Investor programs, Chinese financial regulators further lowered entry requirements and broadened the investment scope of these programs to facilitate foreign investment.
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Yuan becomes No.3 global currency: report

People Daily 26 Jul 2021
After scrapping quota restrictions on investment via the Qualified Foreign Institutional Investor and the yuan-denominated Renminbi Qualified Foreign Institutional Investor programs, Chinese financial regulators further lowered entry requirements and broadened the investment scope of these programs to facilitate foreign investment.
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Chinese yuan weakens to 6.4763 against USD Monday

Sina 26 Jul 2021
BEIJING, July 26 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened ...

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