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Clusterstock
4 hrs ago
Comment
You know market opinion has become lop-sided when there is a shortage of dollars.
Reuters: Over the past two months, Chinese banks have become eager to sell extra dollars to the central bank, fearing the US currency could fall in value, while...
The Economic Times
Nov 4
Comment
Linking yuan to dollar had done China more harm than good over past two years, says Merrill Lynch's economist. Where Re comes from & goes I Identify fake notes
Flightglobal
Nov 4
Comment
Shanghai Airlines narrowed its losses in the third quarter.
In the three months ending 30 September it had a net loss of 42.7 million yuan ($6.3 million)...
Bloomberg
Nov 4
Comment
(Update3) International Monetary Fund Managing
Director Dominique Strauss-Kahn said he anticipates China will
address its “undervalued” currency, an issue that has stoked
tensions with American manufacturers.
Bloomberg
Nov 3
Comment
International Monetary Fund Managing
Director Dominique Strauss-Kahn said that while China’s currency
remains “undervalued,” its government understands the role the
nation plays in the global economy and he anticipates the yuan
will advance.
Business Times - Singapore
Nov 3
Comment
YANGZIJIANG Shipbuilding posted a 17 per cent rise in third-quarter net profit to 554.2 million yuan (S$113.8 million) from 475.3 million yuan in the third quarter of last year as revenue rose by 28 per cent to 2.59 billion yuan from 2.02 billion...
Commodity Online
Nov 3
Comment
The Chinese yuan traded higher against its US counterpart during Tuesday's early trading.
Upstream Online
Nov 3
Comment
Chinese rig builder Yantai Raffles is set to buy a shipyard in China in a deal
worth 291 million yuan ($42.6 million), which forms part of the Oslo listed
company’s plan to become the number one supplier of jack-up drilling rigs in
the...
Commodity Online
Nov 2
Comment
China s commerce ministry said country is to maintain basic stability and continuity in the economic policies and yuan exchange rate to ensure a foreseeable prospect for its businesses.
Clusterstock
Nov 2
Comment
On Friday, China launched its "Chi-Next" exchange, a platform for smaller, speculative tech companies akin to our NASDAQ.
Anyway, it's already embracing one classic, bubblicious NASDAQ tradition.
Caijing: Strong gains on the opening day of...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes a currency traded on the global foreign exchange market. View articles referencing this currency. |
The Chinese Renminbi, which is also known as the yuan, is issued by the People's Bank of China, the monetary authority of the PRC. The name the Yuan comes from the principle currency unit within the Renminbi. The units for the Renminbi are the Yuan (元), Jiao (角), Fen (分), where 1 Yuan = 10 Jiao = 100 Fen. The Chinese Renminbi literally means the "People's Currency"
For a discussion of its revaluation, see Revaluing the Yuan.
The chart at left shows the USD/CNY currency pair; the number of Chinese Renminbi equivalent to 1 U.S. Dollar (USD).
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