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Chinese Renminbi, Yuan Exchange Rates...
 
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Exchange Rates of the Chinese currency Renminbi, Yuan... United States Dollar (USD) to Renminbi or Yuan (RMB, CNY) … United Arab Emirates Dirham (AED) to Renminbi or Yuan (RMB, CNY)… Brazilian Real (BRL) to Renminbi or Yuan (RMB, CNY)… Russian Ruble (RUB) to Renminbi or Yuan (RMB, CNY)… Euro to Renminbior Yuan (RMB, CNY)… Indian Rupee (INR) to Renminbi or Yuan (RMB, CNY)… Turkish Lira (TRY) to Renminbi or Yuan (RMB, CNY)… Japanese Yen (JPY) to Renminbi or Yuan (RMB, CNY)… Philippine Peso (PHP) to Renminbi or Yuan (RMB, CNY)… USD to Yuan (CNY)… AED to Yuan… EUR to Yuan… INR to Yuan… TRY to Yuan… RUB to Yuan… BRL to Yuan… PHP to Yuan… AED to Yuan… YPY to Yuan… CNY exchange rate today… 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) ... USD/CNY, EUR/RMB, PHP/CNY, BRL/RMB, TRY/CNY, INR/CNY How much is one dollar in China... how much is 1 dollar worth in china... How much one euro equal in yuan... Yuan exchange rate chart... how much is renminbi or yuan in dollars... how much 1 euro in yuan... yuan vs dollar... 1 yuan is equal to how many rupees... Cinese currency forex exchange rate...
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) ...
Views: 10223 BusinessMediaguide.Com
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.
YUAN AND DOLLAR
 
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Shot 01/01/2004. FILE OF CHINESE CURRENCY, Bank employees counting Chinese currency/ VS US money being printed. To License This Clip, Click Here: http://collection.cnn.com/content/clip/370016_665.do
Views: 1328 CNN
USD-RMB Exchange Rate
 
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USD-RMB Exchange Rate
Views: 789 bonnetwork
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: 2426 ForexConspiracy
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: 475 CGTN
China to stick to reforms in RMB exchange rate
 
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Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish
Views: 43 CCTV English
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
One year after China’s exchange rate reforms
 
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Last August, China took a big step to reform its exchange rate system, allowing for market forces to play a greater role in the yuan's daily value. One year on, how much has changed? Xu Sitao, Chief Economist from Deloitte China, and Nicholas Lardy, Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics, discuss the progress. 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: 660 CGTN
China’s New Exchange Rate Regime: Structural Reform Or Competitive Devaluation?
 
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The People's Bank of China (PBOC) changed its currency regime earlier this week. This surprised the market, leading to an unexpected weakening of the “redback.” Paul Gruenwald, Asia-Pacific Chief Economist, explains what happened, the motives behind these moves and what to expect next.
Views: 364 S&P Global Ratings
RMB Exchange Rate to Remain Stable in 2017: Central Bank Governor
 
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The exchange rate of China’s currency the Renminbi (RMB) will remain stable in 2017 along with reform and economic efforts, said People’s Bank of China (PBOC) governor Zhou Xiaochuan, on Friday. Zhou made the remarks at a press conference on the sidelines of the fifth session of the 12th National People's Congress (NPC) when answering a question on what measures the central bank will take in 2017 to stabilize the RMB’s exchange rate, which went through relatively stronger fluctuations last year. The governor first explained why the fluctuations in 2016 were stronger than usual. He attributed the difference to two reasons. First is that in the second half of 2016, China’s foreign investments and overseas spending grew higher than in previous years due to Chinese enterprises’ growing interest in purchasing foreign companies. Secondly, the U.S. dollar grew stronger with a faster-than-expected pace after the election of U.S. President Donald Trump. As for the RMB exchange rate in 2017, Zhou said it will remain stable due to healthier development of the Chinese economy and the progress made in reforms. "We believe that this year, along with the steady and healthier development of the Chinese economy, and the progress of structural reforms on the supply-side, and the work on destocking, deleveraging, overcapacity cut and reducing costs and strengthening weak economic links, as well as the world’s stronger confidence in the Chinese economy, the RMB exchange rate will be automatically granted with a stable developing trend," said Zhou. Meanwhile, the consistency in monetary policies and more elaborated implementation of these policies will also contribute to the stabilization of the RMB exchange rate in 2017, Zhou added. However, the normal fluctuation in the RMB exchange rate cannot be ruled out, as no one can predict what uncertainties and affairs are going to happen, said Zhou. "Of course the foreign exchange market has always been a sensitive market. It will show constant fluctuations with the impact of the affairs happening in the global economy and in China. So nobody can give a precise prediction over what uncertainties will come up in 2017, and what affairs will take place. Therefore, the normal fluctuation in the exchange rate should be regarded as a normalcy. It is a normal situation," he said. http://www.cctvplus.com/news/20170310/8045009.shtml#!language=1 Subscribe us on Youtube: https://www.youtube.com/c/CCTVPlus CCTV+ official website: http://www.cctvplus.com/ LinkedIn: https://www.linkedin.com/company/cctv-news-content Facebook: https://www.facebook.com/NewsContent.CCTVPLUS Twitter: https://twitter.com/CCTV_Plus
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: 823 ChinaForbiddenNews
HK banks to offer Chinese currency deposit services
 
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1. Various exterior shots of Bank of China Hong Kong 2. Various exteriors of the Hong Kong and Shanghai Banking Corporation Limited 3. Wide interior of the Hong Kong and Shanghai Banking Corporation Limited 4. Close up a sign showing bank services 5. Various a bank teller counting Renminbi notes 6. Wide of putting Renminbi notes into a note-counting machine 7. Close up notes coming through from the machine 8. Various set up of Vincent Kwan, Chief Economist of Hang Seng Bank Hong Kong 9. SOUNDBITE (English) Vincent Kwan, Chief Economist of Hang Seng Bank Hong Kong: "Hong Kong will become the first city outside mainland China that can offer investors a first taste of Renminbi financial services. So in this sense it''''''''s a giant step for mainland China actually, because by allowing Hong Kong people to exchange Hong Kong dollars into Renminbi though with their limit, it still represents a relaxation of capital control by mainland China. In such a case, I think probably it paves way for future relaxation in the future." 10. Wide of Vincent Kwan 11. SOUNDBITE (English) Vincent Kwan, Chief Economist of Hang Seng Bank Hong Kong: " By allowing them (mainland visitors) to use credit card in Hong Kong, effectively, they lifted the limit of these outgoing visitors in carrying money in Hong Kong, currently they are limits for them. I think for Hong Kong financial services and Hong Kong as a financial centre, it''''''''s very important that funds are being gathered in a place and Hong Kong can provide all kinds of financial services." 12. Wide of an exchange shop 13. Mid of customers exchanging money 14. Sign writing money exchange 15. Various of commercial buildings in Hong Kong 16. Various of street scenes in Hong Kong STORYLINE: Hong Kong banks can begin to offer individual Renminbi (RMB) services including deposit, exchange, remittance and credit card to their customers on a trial basis on Wednesday. Bank of China Hong Kong (BOCHK), Hong Kong''''''''s second largest bank, starts to provide Renminbi savings and fixed deposits with maximum interest rates of up to 0.5 per cent and up to 0.55 per cent per annum respectively. As for exchange services, BOCHK, the only Renminbi clearing bank in the territory appointed by the People''''''''s Bank of China, provides RMB banknote and HKD (Hong Kong dollar) two-way exchange service to personal customers. Each customer is entitled to exchange up to 20,000 yuan (around 2,400 US dollars) through a deposit account. The Chief Economist of Hang Seng Bank, Vincent Kwan, said that he does not think the RMB deposit service will have a significant impact on the economy immediately, with daily personal exchange limits currently fixed at 20,000 yuan. He added that the significance of the RMB banking service is more symbolic than functional. Apart from Renminbi deposit services, Vincent Kwan added that allowing mainland visitors to use credit cards in Hong Kong helps remove barriers to the flow of funds between mainland China and Hong Kong. The maximum interest rates offered among Hong Kong banks for Renminbi savings deposit are between 0.5 to 0.75 per cent, and fixed deposit are between 0.55 to 0.78 per cent per annum. The rates are higher than that offered in Hong Kong dollars saving accounts. The Hong Kong and Shanghai Banking Corporation Limited has no firm date when it intends to start the RMB services yet. Exchange shops currently provide currency exchange services including the RMB in Hong Kong. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/894763872b5078b71e90f8be5f55e880 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 499 AP Archive
Inside the Chinese Basket: Is China Manipulating the Currency Exchange Rate?
 
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Speaker: Kazuo Yamazaki "Everybody is talking about China. In fact, everybody should be talking about China. According to the Nobel Laureate economist Joseph Stiglitz of Columbia University, China is today experiencing "the most remarkable economic transformation in history." But this "most remarkable economic transformation in history" has come with its cost, and this cost could be huge. Economists such as Morgan Stanley Andy Xie argues that China has been stuck in "macro trap" that disallows itself to freely control its interest rate or the exchange rate, and the hard landing due to the real estate bubble in 2007-08 is very possible. The other side of the picture of China's trade surplus has been the US current account deficit that has reached an unprecedented level of $820 billion in 2005 alone. Policymakers such as Schumer and Graham have been trying to impose tariff rates on the Chinese imports. Now Grassley and Backus are taking actions to put sanctions on the Chinese imports if necessary. John Snow of the US Treasury Department expressed his opinion that China has been manipulating its currency exchange rate for its export advantage. Chinese President Hu Jintao came to Washington to discuss the trade friction issue with President Bush but only left without making much progress. People's Bank of China has recently risen its domestic lending rate by 27 basis point and appreciated RMB below 8RMB-1USD. Yet, the internationally community remains unsatisfied. The world has seen such trade frictions before; during the Great Depression or the rise of Japan in the 1980s. Unfortunately, the world has never witnessed any good result out of these economic conflicts either. For example, economists such as Robert McKinnon of Stanford University points out that one of the main causes of Japan's Lost Decade in Great Deflation was due to the forced appreciation of Japanese Yen in the 1980s. My research combines information from different credible sources, and reaches several conclusions. Some of them are: 1) There has been an economy recycle between the US and China. 2) China does manipulate currency exchange rate, although plenty of countries have done the same in history. 3) People's Bank of China has not raised its rate partially to justify the devalued exchange rate of Chinese currency Rembini. 4) RMB is pegged to the basket with the USD being the dominant force inside the basket. 5) The global imbalance has been expanding in its magnitude day by day, and both China and the US have roles to play."
Views: 1324 aaaricuny
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: 1006 China Non-Stop
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
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: 111751 Khan Academy
Yuan's exchange rate to rise or fall 2% from daily peg
 
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Starting today, the daily trading range for the yuan is doubled, underlining the country's efforts to allow market to play a bigger role in its economy.
Views: 132 CGTN
RMB midpoint rate weakest since March 2011
 
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China's central bank says it is able to keep the RMB exchange rate basically stable. This comes after an ongoing depreciation of the Chinese RMB, or yuan, in recent days, which has caused a panic in the stock market. 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: 182 CGTN
Trading in Chinese currency begins in Taiwan
 
01:25
1. Close-up sign reading Chinese Yuan in Chinese characters 2. Wide of foreign exchange rates board 3. Various shots of Chinese Yuan notes being counted by counting machine 4. SOUNDBITE (Mandarin): Wang Wen-lung, Deputy general manager of foreign department of Mega International Commercial Bank: "If we receive counterfeit notes of Chinese Yuan worth under US Dollars 200, our bank will confiscate the notes. If the value is over USD 200, we will call the police." 5. Close-up one counterfeit and one genuine Chinese Yuan note 6. Wang pointing out differences 7. SOUNDBITE (Mandarin): Wang Wen-lung, Deputy general manager of foreign department of Mega International Commercial Bank: "Once the Chinese mainland tourists come in, there will be more banks which offer this exchange service. Then it will help decease our costs. In that case, the exchange rate will decrease too." 8. Tilt down from sign reading "Currency Exchange" to money counting machine 9. Close-up Chinese Yuan bill 10. Tilt down sign showing domestic flight details to foreign exchange counter 11. Foreign Exchange sign reading "Chinese Yuan exchange" in Chinese characters STORYLINE: The Chinese Yuan was on Monday officially available for exchange in Taiwan's local banks, paving the way for the arrival of mainlanders on charter flights this Friday. A person can exchange the equivalent of 20-thousand yuan or 88-thousand New Taiwan dollars (2,912 US dollars) at one time, Taiwan Central Bank had announced last week. Currently the yuan, or RMB which stands for Renminbi in Mandarin, can only be traded legally on Kinmen and Matsu, two islands close to the Chinese coast, which Taiwan retained after it split from the mainland in 1949. However, a strong gray market supports its exchange in Taipei and other major Taiwanese cities. Wang Wen-lung, deputy general manager of foreign department of Mega International Commercial Bank, said the bank has shown staff on how to recognise counterfeit RMB notes. "If we receive counterfeit notes of Chinese Yuan that worth under US Dollars 200, our bank will confiscate the notes. If the value is over USD 200, we will call the police," he said. The current exchange rate for RMB is 4.554 Taiwanese dollars. The rate is maintained relatively high due as the costs for banks to buy RMB is high too, added Wang. "Once the Chinese mainland tourists come in, there will be more banks which offer this exchange service. Then it will help decease our costs. In that case, the exchange rate will decrease too," he said. About four (m) million Taiwanese visit China yearly. Under a new agreement between Taiwan and China that will take effect this week, an estimated 300-thousand Chinese tourists could visit Taiwan every year. The first charter flight across the Taiwan Straits will be launched on July 4, and the direct visit by mainland visitors will begin on July 18. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/31df5bdf394e2a982cf96d35f8d08770 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 276 AP Archive
Getting Money In and Out of China
 
05:41
What is the best way of getting money in and out of China? If you are coming to China, should you bring cash or credit cards? Will your bank card work in ATMs and Chinese banks? What is the exchange rate in China? Can you use USD in China? Want to survive in China? Let me show you how. Join me on Facebook: http://www.facebook.com/winstoninchina Support me on Patreon: http://www.patreon.com/serpentza Twitter: @serpentza Music used: starlitdeception.s3m
Views: 67974 serpentza
China's Yuan rate significantly lower against the U.S dollar
 
01:57
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: 266 CGTN Africa
RMB on EUR/USD, GBP/USD and ZAR
 
04:48
In the latest Targets In Focus Currency Strategist at Rand Merchant Bank in South Africa, John Cairns, talks to Dukascopy TV on their predictions for the EUR/USD, GBP/USD and the ZAR.
Views: 114 Dukascopy TV (EN)
China's central bank official dismisses RMB concerns
 
00:53
Yao Yudong, head of the Research Institute of Finance and Banking under China's central bank, dismisses concerns about RMB exchange rate fluctuation. Following the decision of the International Monetary Fund to include the RMB in its SDR basket, Yao said Chinese economy can offer more liquidity for the global market. Besides, many developed and emerging countries could search for investment from Chinese enterprises and banks, especially the Asian Infrastructure Investment Bank or AIIB.
Views: 234 New China TV
World Insight— China exchange rate; Asia's billionaires 08/12/2016
 
40:04
Subscribe to CCTV on YouTube: https://www.youtube.com/user/CCTVcomInternational CCTV: https://goo.gl/gYT8W8 CCTV中文国际: http://goo.gl/HcZaeZ Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv Instagram: http://instagram.com/cctvenglish
Views: 1327 CCTV English
Us Dollar Exchange Rate Today/india/sri lanka/philippine/china/iran/nepal
 
01:43
LIFE ENTERTAINMENT Us Dollar Exchange Rate Today/india/sri lanka/philippine/china/iran/nepal Today us dollar exchange rate news Ajka us dollar ki rate Dollar rate Dollar rate today Us dollar rate today Today us dollar exchange rate Aj ka us dollar ki rate Ajker dollar rate Us dollar today rate all country Ajka us dollar rate Today us dollar rate in pakistan Today us dollar rate Us dollar today rate Us dollar rate Today dollar rate Today us dollar exchange rate update Us dollar news Dollar rate india Ajka us dollar ki rate Aj ka us dollar rate Us dollar today exchange rate india pakistan Today us dollar rate in pakistan Us dollar exchange Dollar rate today Ajker us dollar rate Aj ka us dollar ki rate Us dollar to euro Us dollar news Us dollar today rate Us dollar today rate all country Us dollar exchange rate all country Canadian dollar rates today Today dollar rate Dollar rate india Us dollar exchange rate Us dollar rate today Ajka us dollar rate Us dollar exchange rate today us dollar exchange rate in nepal today how much us dollar exchange rate in iran today us dollar exchange rate india rupee us dollar exchange rate india yahoo us dollar exchange rate sri lanka rupee us dollar exchange rate to peso us dollar exchange rate sri lanka central bank us dollar exchange rate today us dollar exchange rate in india us dollar exchange rate coinmill us dollar exchange rate in pakistan us dollar exchange rate bd taka us dollar exchange rate china rmb us dollar exchange rate philippine peso us dollar exchange rate to peso us dollar exchange rate philippine peso Welcome To Our channel . LIFE ENTERTAINMENT Please subscribe my channel. like and comments Link my channel : https://www.youtube.com/channel/UC64lvTT1VGdKMgH0uvwbDQw/videos?disable_polymer=1
Views: 274 life entertainment
unilateral appreciation from RMB against USD still haunts in 2014 Chinese Export&rate dilemma
 
04:34
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
Exchange Rate Still in Focus
 
03:28
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Next week U.S.-China strategic economic dialogue will be held in Washington D.C. and RMB exchange rate is still in the focus. Geithner, the U.S. Treasury Secretary hopes that RMB appreciation will accelerate. Scholars believe however, that the Chinese government will not let go of the RMB exchange rate. "US-China Strategic Economic Dialogue" led in its 3rd round by US Secretary of State and Geithner, and Chinese Vice Premier Wang Qishan, will work on issues of bilateral relations development. Geithner said recently that he would urge Chinese officials to implement a series of economic reforms, including introducing more flexible exchange rates driven by market forces, and improving U.S. companies investing environment. Geithner also said the focus of this talk will be the currency exchange rate of RMB to USD. RMB appreciation is good to curb China』s inflation, also it can prevent expanding of real estate bubble in China. Chinese leaders also recognize this. U.S. economist Ho Qinglian said RMB appreciation can only curb foreign exchange reserves, reducing domestic money deposited. Most likely it can inhibit the export, but effect on price increases is limited. Geithner acknowledged that since last June, China has allowed the rate of RMB to USD to increase by about 5%. U.S. congressmen and manufacturers believe RMB value was down by as much as 40%, making Chinese goods on markets very cheap. Huang Yiping, an economist in China's Macroeconomic Research Centre in Peking Univ. told Wall Street Journal that Chinese leaders still tightly control RMB appreciation with 0.5% a month on average. He believes that RMB could float freely with conditions letting the market determine its level. Central bankers agree with his views, but senior leaders are in control of the decisions. Why the Chinese Communist Party's (CCP) top levels do not free the exchange rate? Buddhist Hermitage, a politeconomy critic believes the fundamental issue is that only CCP and China out of all countries does not use free exchange rate in international trades, causing trade imbalances and disrupting global economic order. The Chinese government demands every penny earned overseas and then prints more money. The government thus owns a large foreign exchange reserve as a sovereign fund. Buddhist Hermitage said, "From this we know how China's foreign exchange system exists. China (CCP) is reluctant to free foreign exchange system, unwilling to let the people hold foreign exchange. CCP wants to use the money to maintain its rule, related to its fate. On foreign exchange rate China (CCP) is unwilling to compromise and tries to find ways to maintain its political power." Some people think RMB appreciation will greatly affect China's exports, so they go against it. Huang Yiping said that to make export enterprises have strong growth, one must learn to produce higher value-added products, or move production from the coastal area to mainland where wage level is lower. This is the approach to achieve continuous growth. NTD reporters Song Feng and Zhou Ping. 《神韵》2011世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 178 ChinaForbiddenNews
What is a Trillion Dollars in Yuan?
 
04:33
http://www.forexconspiracyreport.com/what-is-a-trillion-dollars-in-yuan/ What is a Trillion Dollars in Yuan? By www.ForexConspiracyReport.com According to the Investor’s Business Daily Chinese capital outflows reached $1 trillion last year. Which brings to mind what is a trillion dollars in Yuan? As exchange rates vary this number may go up or down but the current exchange rate is 6.5 Yuan to the US dollar so six and half trillion Yuan were converted to foreign currencies and fled China in 2015. China’s capital outflows jumped in December, with the estimated 2015 total reaching $1 trillion, underscoring the scale of the battle facing policymakers trying to hold up the yuan amid slower economic growth and slumping stocks. The entire year’s estimated trillion-dollar total was more than seven times 2014’s $134.3 billion, a record for Bloomberg Intelligence data dating back to 2006. In addition to capital exiting the economy, exporters are holding funds in dollars instead of converting them to yuan, said Tom Orlik, Bloomberg’s chief Asia economist in Beijing. “The immediate trigger for a pickup in capital outflows toward the end of the year was the People’s Bank of China’s poor communication over its shift in currency policy,” said Mark Williams, chief Asia economist for Capital Economics Ltd. in London, who previously worked on China issues at the U.K. Treasury. “Outflows are likely to remain strong because the People’s Bank still has not been able to generate confidence among investors that it knows what it’s doing or that it’s able to achieve its policy objectives.” As rich Chinese move their wealth offshore they sell Yuan and buy dollars, yen, euros or other currencies. And the Yuan goes down in value. A Year of USD/RNB Bloomberg Business has a graph that shows the last 12 months of USD/CNY exchange rates. A year ago a dollar got you 6.2 to 6.25 Yuan and as recently as a month ago the exchange rate was 6.59 Yuan to the dollar. It turns out that five years ago the exchange rate was about 6.5 Yuan to the dollar and the Yuan steadily fell to bottom out at 6.04 to the dollar at the end of 2013 as the USD rallied against all other currencies. Why Is Wealth Leaving China? The Wall Street Journal discusses China’s capital outflow quandary. As China’s foreign exchange hoard drops by hundred-billion-dollar chunks, a key question for economists and investors is what China’s bottom line is and what Beijing can do to defend it. China’s net foreign-exchange reserves have fallen by over $600 billion from their mid-2014 peak of $3.99 trillion as Beijing intervenes to prop up its weakening currency. China’s capital outflow was as much as $1 trillion last year by some estimates if trade surpluses and inbound investment flows are included. Some put Beijing’s red line at $3 trillion, which may not be far off if reserves fall another $200 billion by early March, as some forecast. China’s January figures are due out on Sunday. Trying to assess what Beijing is thinking takes on added importance as China’s problems batter global markets, commodity producers and confidence. China’s central bank and foreign exchange watchdog didn’t immediately respond to questions. Whether Beijing can stem the outflow soon is an open question. Economists say Beijing is working particularly hard to keep ordinary households from losing confidence in the yuan. The problem for China is that a falling Yuan is a self-fulfilling prophecy. Wealthy Chinese take money out of the country because they fear that the currency will devalue as the economy weakens and by their actions cause both a weaker currency and a cheaper Yuan. https://youtu.be/SHysuz_cI0I
Views: 300 ForexConspiracy
RMB against USD breaks records 40 times in 2013 below 6.10  China  on the road to be another Japan
 
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The yuan traded stronger than 6.10 per dollar for the first time in 20 years after the central bank raised its daily fixing rate to a near record high and the nation stepped up efforts to increase the Chinese currency's global use. The yuan strengthened for three consecutive days and closed at a record high of 6.0995 against the US dollar in Shanghai on Wednesday amid the ongoing impasse over US debt talks, China Foreign Exchange Trade System prices showed. It touched 6.0965 earlier, the strongest level since the government unified the official and market exchange rates at the end of 1993. The last time the currency traded below 6.1 to the dollar was on Dec 27, 1993, when it was at 5.8245. It weakened to 8.7217 on Jan 6, 1994, after a new exchange rate mechanism was implemented. It has appreciated 43 percent since then. The yuan's moves are restricted to 1 percent on either side of the reference rate set every day by the People's Bank of China, the nation's central bank. The central parity rate of the yuan against the US dollar advanced four basis points to 6.1408 on Wednesday, according to data from the central bank. The central parity rate of the yuan against the US dollar is based on a weighted average of prices before the opening of the market each business day. Democratic and Republican leaders in the US Senate could announce a deal soon to extend the government's borrowing authority and quickly re-open federal agencies that have been closed since Oct 1, reported Reuters on Wednesday, citing a Senate aide. Analysts said the price of the US dollar against the yuan may fluctuate because it will take time for the market to digest both the results of the US debt talks and possible continuous yuan appreciation. "Many factors are affecting the foreign exchange market at the current time, including decision makers' stands toward the ongoing rising price of the yuan against the US dollar," said Zhou Yunxie, a foreign exchange analyst with Shanghai-based Zhongqing Gold Investment Co. Recent economic data may indicate that China is going to see another round of yuan appreciation, according to Liu Dongliang, an analyst with China Merchants Bank. Market insiders said the breakout on Wednesday through 6.1 has a psychological effect on market participants. There have not been any large State-run banks buying dollars from the currency market since Monday, which has also affected market sentiment. "We have not seen any big buys of dollars in recent days. The market has a prudent sentiment at the moment waiting for guidelines from policymakers. There may be a wider trading band or more capital market reforms to be introduced," said a Shanghai-based trader with a State-owned bank who preferred not to be named. The yuan on the onshore spot market since Monday has reversed positions with the offshore yuan market in Hong Kong because market participants did not prepare for further gains after robust advances since June. The continued positive momentum in Chinese economic data, in the context of the broad-based US dollar weakness, is likely to support a return of portfolio inflows and further appreciation in the yuan this year, said Nick Verdi, a foreign exchange analyst with Barclays Research in a recent note. Authorities have taken steps in recent weeks to promote the use of the yuan in international trade. On Tuesday, China and the United Kingdom agreed to continue to build London into a major offshore market for yuan trading, underlining the strong financial ties between the two countries. RMB against USD breaks new records 40 times in 2013 Finally below 6 10,more information about china financial news browse and subscribe channal at http://youtube.com/user/cosmeticmachines
China's Exchange Rate
 
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On April 18, Global Economy and Development at Brookings hosted Secretary of the Treasury Tim Geithner in a conversation about the state of the global economy. In this segment, Secretary Geithner discusses how China has enacted a number of encouraging changes to the exchange rate. These moves signal more reliance on the market and a greater focus on domestic demand. For more on this event: http://www.brookings.edu/events/2012/0418_geithner.aspx
Views: 1128 Brookings Institution
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: 182 Commerzbank AG
IMF News Christine Lagarde Chinese Yuan SDR Inclusion
 
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IMF News - Christine Lagarde Chinese Yuan SDR Inclusion March 24 2015 - http://globalcurrencyreset.net/imf-lagarde-china-yuan-sdr-inclusion/ March 20, 2015 - http://globalcurrencyreset.net/rmb-chinese-yuan-global-reserve-currency/ See my latest (long) article link above from March 24 to see everything. Christine Lagarde said not an issue of if, but when China's Yuan will be included in the SDR's official basket of currencies. https://www.facebook.com/theglobalcurrencyreset Discussions in this video: Devaluation and revaluation of the Chinese Yuan. Christine Lagarde from March 20, 2015 statement about not a question of if but when China’s currency is included in the basket of SDR currencies. http://www.cnbc.com/id/102522008# 1:00 China’s Currency is known as the Yuan, Renminbi, and abbreviated RMB 1:14 Standard Chartered Bank Hong Kong – International of the Chinese Currency Status as of February 2015 1:24 Document from Standard Chartered also IMF – 5 year review on China The desire that the Chinese Yuan gets included in the SDR alongside the dollar, euro, pound and yen 1:49 HSBC Hong Kong Shanghai Banking Corportation What happened in July 2005 with China’s Currency? What could happen in November of 2015? My Previous Video: China World Currency Announcement Bangkok Thailand https://www.youtube.com/watch?v=Q4hvXpfu8RU Standard China Bank https://www.sc.com/hk/ Timeline: 2:40 IMF SDR review - Christine Lagarde 3:20 70-85% majority vote for Chinese Yuan inclusion of SDR (Feb 2015) 3:50 China considers what they did a success 4:40 China Expanding Overseas - Oil Crude Futures 4:50 Endgame - Full Convertibility of the RMB (Yuan/Renminbi) China wants the world reserve currency 5:15 Bank of China prints Hong Kong dollars 5:45 China Free Trade Zones 6:00 Standard Chartered Bank 6:15 HSBC has not made an announcement yet about conve 6:30 Chinese Video about internationalization of the Chinese Yuan is rapidly progressing 6:50 Shanghai Pilot Free Trade Zone - Document April 2014 7:41 Christine Lagarde - It's not a matter of if but when Christine Lagarde was talking from Shanghai 8:00 Hong Kong Dollar Chinese Yuan Exchange Rate Revaluation 8:50 Chinese Yuan USD (United States Dollar) 9:50 IMF Press Release - IMF Determines New Currency Weights for SDR https://www.imf.org/external/np/sec/pr/2010/pr10434.htm IMF 2010 SDR 10:25 IMF informal meeting in May, would take effect in January of 2016 11:10 IMF Five Year Review on China 13:00 China is keeping their currency low now, they want it weak because it attracts investors 13:28 Free Newsletter Link for updates Christine Lagarde IMF News Regarding Chinese Yuan Inclusion In the SDR https://www.youtube.com/watch?v=acYBJM4nq8U
Views: 10505 Global Currency Reset
Up after Up for Chinese Yuan 30% Percent RMB appreciates against US Dollar since china Rate Reform
 
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China's export growth was disappointing in the final month of 2013due to lackluster demand from developed markets, data released Friday showed. A teller counts Chinese yuan notes in Beijing. Agence France-Presse/Getty Images But there could be more problems in store for China's exporters in 2014 as the yuan currency's continued appreciation against the U.S. dollar makes the country's goods more expensive in world markets. China's exporters have to contend with rising wages and other costs that have crept up in recent years. The appreciation of the yuan, or renminbi, is another headache, which makes China's goods more expensive overseas and reduces profits in local-currency terms. "Rising wages and the yuan are a tremendous problem for us," said Uwe Hutzler, the general manager of a Chinese company that supplies leather to clothing manufacturers. "We have to pay our expenses and salaries in renminbi but our invoices are in dollars." China still remains an export powerhouse for manufacturing goods like electronics. The nation's share of world trade remains above 10% despite cost pressures. Foreign companies say they need to invest in China because of its large scale of production and integrated supply networks. Data released Friday showed China's total trade exceeded $4 trillion in 2013, overtaking the U.S. as the world's largest trading country. But there are signs of potential problems ahead for the nation's export sector. Weak demand from the U.S. and Europe is a concern. Exports in December grew 4.3% compared with a year earlier, the latest data showed, down from 12.7% year-over year growth in November. That is partly explained by distortions in the data, with an unusually strong month in December 2012 providing an unflattering comparison. ANZ Bank pointed out export growth in 2013 as a whole was 7.6%, the second straight year exports have undershot an 8% target. The bank put this down to "diminishing trade competitiveness" as the yuan appreciates. In real terms — taking account of inflation — the currency appreciated 18.5% against the dollar between June 2010 and November 2013, according to calculations by Karim Foda, a researcher at Brookings Institution. Against some Asian currencies — notably the Indonesian rupiah and the Indian rupee, which fell sharply last year — the declines have been even larger. More than 500 Chinese companies surveyed by Global Sources, a China-based firm that runs an online marketplace for exporters, cited the strength of the yuan as the most pressing challenge of 2014. A year earlier the currency issue was only number four on the list, eclipsed by rising costs, price competition and slow orders from Europe and the U.S. To deal with rising costs, many manufacturers based in coastal southern China are moving production to cheaper inland facilities or to cheaper countries like Cambodia, Bangladesh and Vietnam. Since the beginning of the 2008 financial crisis, shoemakers in Guangdong region have moved about one third of their production to the interior of China and another third to Southeast Asia, said Li Peng, secretary general of Asian Footwear Industry Association. "A lot of shoemakers near the coastal areas barely make any profits," he said. "They are struggling to survive." Chetan Ahya, an economist with Morgan Stanley in Hong Kong, says it's too early for manufacturers to have shifted orders from China based on currency movements, but this could become a bigger factor in 2014. Chinese officials point out that a stronger yuan also means cheaper imports. China's government is attempting to move the country away from reliance on state-led industry and exports toward larger domestic consumption. Cheaper imports of foreign goods will help achieve this goal. "Yuan appreciation will surely lift exports prices and undermine our exports competitiveness," said Zheng Yuesheng, a spokesman for the Customs Administration. "But... yuan appreciation also helps lower our imports costs." Policy makers, though, are keen the shift away from exports and heavy industry doesn't lead to economic dislocations and rising unemployment. There already are worrying signs that China's role as the world's factory floor is being undercut. Foreign investment into Chinese manufacturing dropped 5.7% year-over-year in the first 11 months of 2013 to $64.7 billion, the most recent data available, after a 7.1% decline in 2012. In contrast, Vietnam's FDI surged by more than 80% last year as manufacturers rushed to take advantage of lower costs. Up after Up for Chinese Yuan 30% Percent RMB appreciates against US Dollar ever since china exchange,for more infromation about china financial system subscribe and browse channal at http://youtube.com/user/cosmeticmachines
RMB hit record low against US dollars in six years
 
01:13
The People’s Bank of China set the Chinese yuan’s midpoint rate at 6.7098 per US dollar on Tuesday morning, 90 basis points lower than on Monday. Economists say the depreciation of the yuan, which has reached its lowest point since 2010, is due to the strengthening US dollar, which was led by the weakening of the British pound. 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: 909 CGTN
Easy Currency Converter app for mobile
 
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All currency converter app converts currency easily. Just select the desired currency and enter the value fir first and get converted result. All Currency Converter is a real-time currency exchange rates converter. (The calculator is featured). All around the world offer rates for almost all currencies (over 162) and also comes with a special price for minerals such as gold, silver and. #Comes with a simple exchange rate conversion and exchange rate calculation. #View and can calculate currency (the currency of some ready ...) AED UAE Dirham AFN Afghan Afghani ALL Albanian Lek AMD Armenian Dram ANG Neth Antilles Guilder AOA Angolan Kwanza ARS Argentine Peso AUD Australian Dollar AWG Aruba Florin AZN Azerbaijani New Manat BAM Bosnian Convertible Marka BBD Barbados Dollar BDT Bangladesh Taka BGN Bulgarian Lev BHD Bahraini Dinar BIF Burundi Franc BMD Bermuda Dollar BND Brunei Dollar BOB Bolivian Boliviano BRL Brazilian Real BSD Bahamian Dollar BTC Bitcoin BTN Bhutan Ngultrum BWP Botswana Pula BYN New Belarusian Ruble BZD Belize Dollar CAD Canadian Dollar CDF Congolese Franc CHF Swiss Franc CLP Chilean Peso CNY Chinese Yuan COP Colombian Peso CRC Costa Rica Colon CUP Cuban Peso CVE Cape Verde Escudo CYP Cyprus Pound CZK Czech Koruna DJF Dijibouti Franc DKK Danish Krone DOP Dominican Peso DZD Algerian Dinar EGP Egyptian Pound ERN Eritrean Nakfa ETB Ethiopian Birr EUR Euro FJD Fijian Dollar FKP Falkland Islands Pound GBP British Pound GEL Georgian Lari GHS Ghanaian Cedi GIP Gibraltar Pound GMD Gambian Dalasi GNF Guinea Franc GTQ Guatemala Quetzal GYD Guyana Dollar HKD Hong Kong Dollar HNL Honduras Lempira HRK Croatian Kuna HTG Haiti Gourde HUF Hungarian Forint IDR Indonesian Rupiah ILS Israeli Shekel INR Indian Rupee IQD Iraqi Dinar IRR Iranian Rial ISK Iceland Krona JMD Jamaican Dollar JOD Jordanian Dinar JPY Japanese Yen KES Kenyan Shilling KGS Kyrgyzstani Som KHR Cambodia Riel KMF Comoros Franc KPW North Korean Won KRW Korean Won KWD Kuwaiti Dinar KYD Cayman Islands Dollar KZT Kazakhstan Tenge LAK Lao Kip LBP Lebanese Pound LKR Sri Lanka Rupee LRD Liberian Dollar LSL Lesotho Loti LTL Lithuanian Lita LVL Latvian Lat LYD Libyan Dinar MAD Moroccan Dirham MDL Moldovan Leu MGA Malagasy Ariary MKD Macedonian Denar MMK Myanmar Kyat MNT Mongolian Tugrik MOP Macau Pataca MRO Mauritania Ougulya MUR Mauritius Rupee MVR Maldives Rufiyaa MWK Malawi Kwacha MXN Mexican Peso MYR Malaysian Ringgit MZN Mozambican Metical NAD Namibian Dollar NGN Nigerian Naira NIO Nicaragua Cordoba NOK Norwegian Krone NPR Nepalese Rupee NZD New Zealand Dollar OMR Omani Rial PAB Panama Balboa PEN Peruvian Nuevo Sol PGK Papua New Guinea Kina PHP Philippine Peso PKR Pakistani Rupee PLN Polish Zloty PYG Paraguayan Guarani QAR Qatar Rial RON New Romanian Leu RSD Serbian Dinar RUB Russian Rouble RWF Rwandan Franc SAR Saudi Arabian Riyal SBD Solomon Islands Dollar SCR Seychelles Rupee SDG Sudanese Pound SEK Swedish Krona SGD Singapore Dollar SHP St Helena Pound SIT Slovenian Tolar SLL Sierra Leone Leone SOS Somali Shilling SRD Surinamese Dollar STD Sao Tome Dobra SVC El Salvador Colon SYP Syrian Pound SZL Swaziland Lilageni THB Thai Baht TJS Tajikistani Somoni TMT Turkmenistani Manat TND Tunisian Dinar TOP Tonga Pa'anga TRY Turkey Lira TTD Trinidad&Tobago Dollar TWD Taiwan Dollar TZS Tanzanian Shilling UAH Ukraine Hryvnia UGX Ugandan Shilling USD U.S. Dollar UYU Uruguayan New Peso UZS Uzbekistani Som VEF Venezuelan Bolivar VND Vietnam Dong VUV Vanuatu Vatu WST Samoa Tala XAF CFA Franc (BEAC) XAG Silver Ounces XAU Gold Ounces XCD East Caribbean Dollar XDR IMF Special Drawing Rights XOF CFA Franc (BCEAO) XPD Palladium Ounces XPF Pacific Franc XPT Platinum Ounces YER Yemen Riyal ZAR South African Rand ZMW Zambian Kwacha
Views: 104322 tech4all
RMB against USD plumbing probably pushes CNY in depreciation period Market International finanical
 
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The Chinese yuan weakened against the US dollar in the Asian session on Wednesday. In the economic news, data from HSBC Bank showed that the services sector in China expanded at a slightly faster rate in November, with a PMI score of 53.0. That's up fractionally from 52.9 in October, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. The composite index, which also factors in manufacturing data, also continued to expansion in November - albeit at a slower pace, falling to 51.1 from 51.7 in October. Against the greenback, the yuan fell to nearly a 3-month low of 6.1540 from an early high of 6.1326. At yesterday's close, the yuan was trading at 6.1495 against the greenback. If the yuan extends its downtrend, it is likely to find support around the 6.16 area. The People Bank of China set today's central parity rate for yuan at 6.1376 per dollar, compared to Tuesday's reference rate of 6.1325. The central bank sets the reference rate every morning and allows the currency to move upto 2% from that level. RMB against USD plumbing probably pushes CNY in depreciation period,for more information about china world news visit site at http://youtube.com/user/chinaworldnews as well as business website at http://penglaichina.com
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: 65 New China TV
Chinese Yuan Hits Lowest Level in Almost 8 Years
 
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The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump’s victory in the U.S. presidential election. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 2890 Wall Street Journal
The Currency Report - U.S. and China's Exchange Rate Saga - Bloomberg
 
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According to UBS, China to Keep Buying Treasuries, China Must Emphasize U.S. Dollar Safe (Bloomberg News)
Views: 1464 Bloomberg
Currency Exchange Rates and Investing Offshore
 
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http://www.profitableinvestingtips.com/forex-trading/currency-exchange-rates-and-investing-offshore Currency Exchange Rates and Investing Offshore By www.ProfitableInvestingTips.com There is a definite profitable advantage to be had when seeking favorable currency exchange rates and investing offshore. This applies to specific offshore investment ideas such as vacation rental property and stocks and to foreign direct investment on a larger scale. Using Colombia and the current state of the Colombian peso as an example we look at currency exchange rates and investing offshore. The USD COP Exchange Rate As of early March, 2015 the USD COP exchange rate is just under 2,600 Colombian pesos (COP) to the dollar (USD). As a point of comparison the peso traded 1818 to a dollar two years ago and again around 1820 just 7 months ago. Go to ExchangeRates.org and pick the two year history for the USD COP exchange rate history. Welcome to the USD COP history summary. This is the US Dollar (USD) to Colombian Peso (COP) exchange rate history summary page, detailing… The point being that the peso has fallen dramatically over the last several months. Why is that? Colombia is an oil producer and the Colombian peso is closely tied to the price of oil. The Price of Oil Falls Take a look at the chart on InvestmentMine.org for a five year crude oil price chart. The page lists the current price and 52 week highs and lows. Our interest is in the chart. Crude Oil Price 59.24 USD/bbl (54.55 EUR/bbl) 09 Mar 2015 - 52 Week Low 46.18 USD/bbl 52 Week High 114.77 USD/bbl The point is that oil was selling for around $110 a barrel in July of 2014 at the same time that the Colombian peso was trading 1800 to a dollar. Oversupply and the presence of threat of recession in Europe, China and Japan have reduced demand at the same time that two main producers, Saudi Arabia and the USA are pumping like mad. Colombia has been caught in this dilemma. Until the price of oil goes up the Colombian peso will be hurting. And what does this have to with currency exchange rates and investing offshore? Investing in Colombia Colombia is a democracy with a well-managed economy. The half century long civil war may well be drawing to an end as talks between the government and main rebel faction, FARC, continue in Havana. Colombia is a big energy exporter to the USA, has a free trade agreement with the USA as well as the Pacific Alliance of Chile, Colombia, Mexico and Peru. Direct foreign investment in the oil and gas sector peaked at $13 billion in 2013. Take a look at the CIA World Factbook page for Colombia and click the Economy tab. Colombia's consistently sound economic policies and aggressive promotion of free trade agreements in recent years have bolstered its ability to weather external shocks. Real GDP has grown more than 4% per year for the past three years, continuing almost a decade of strong economic performance. All three major ratings agencies have upgraded Colombia's government debt to investment grade. Nevertheless, Colombia depends heavily on energy and mining exports, making it vulnerable to a drop in commodity prices. Colombia is the world's fourth largest coal exporter and Latin America’s fourth largest oil producer. The point is that there is the basis for profitable investment in Colombia and now is an ideal time because of the fall in value of the Colombian peso, property in Colombia and business investment in Colombia due to the current weakness of the Colombian peso. There is vacation property in Cartagena on the Caribbean and business investments in the 8 million person city of Bogota. The coffee producing and agricultural region around Manizales, Pereira, Medellin and Cali is an often overlooked area for investment as well. Because the price of oil is cyclical we can expect to it to rise from current lows and bring the value of the Colombian peso back up with it. Simply as a Forex play one might convert their dollars to COP and bank them in Colombia while waiting for an investment opportunity. If the opportunity does not occur one could wait for the expected return of the COP to the 1,600 to 1,800 to the dollar range and simply convert back to dollars with a fifty percent profit! That is our point about currency exchange rates and investing offshore. http://youtu.be/4eNI2VSt3aA
Views: 922 InvestingTip
Liberalizing exchange rate & interest rate are key topics at China Development forum
 
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China's financial reform is a key topic at this year's China Development forum. IMF Managing-Director Christine Largarde says that China has taken commendable steps to modernize its financial sector, including widening of the exchange rate band, which will strengthen the potential role of the RMB as a global currency.
Views: 211 CGTN
Us Dollar Exchange Rate Today .  india/sri lanka/philippine/china/iran/nepal/
 
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Views: 372 life entertainment
How Far Will the Yuan Fall?
 
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http://www.forexconspiracyreport.com/how-far-will-the-yuan-fall/ How Far Will the Yuan Fall? By www.ForexConspiracyReport.com Due to persistent slowing of the Chinese economy the People’s Bank of China is cutting the Yuan reference rate on a daily basis. Capital outflows are driving the Yuan down and with a repeatedly lower reference rate the Yuan exchange rate is falling. How far will the Yuan fall? Bloomberg Business writes about the subject as the Yuan posts its longest losing run in months. China’s yuan weakened for an eighth day, the longest run of losses since June, on increased capital outflows and speculation that the central bank is guiding the currency lower to help an economy growing at the slowest pace in 25 years. The People’s Bank of China cut the yuan’s reference rate for the seventh day in a row after a barometer of capital flows posted the second-biggest drop on record. This followed the authority’s move on Friday to play down the currency’s recent losses by saying its performance shouldn’t be measured against the dollar alone. While the PBOC was seen propping up its exchange rate in the past few months, it has allowed declines on all but one day since winning International Monetary Fund reserve status on Nov. 30. The China Foreign Exchange Trade System, which is run by the PBOC to facilitate interbank trading, published a new yuan index composed of 13 currencies, a development seen as setting the stage for a further decline against the dollar. The Chinese government is using smoke and mirrors in an attempt to make the situation look less dire. The new basket of currencies against which the Yuan will be compared excludes the USD so the news will not include the fact that the Yuan is falling persistently against the primary Forex currency. Another instance of trickery was the announcement by regional officials that they had lied about economic growth rates in the past. It turns out that instead of a region growing at 9% it was really growing at 3%. Thus the fact that today the region is growing at 2% really is not such a bad thing! How Far Will the Yuan Fall? Macro Business asks the exact question that we are asking. How far will the Yuan fall? Is the yuan going to fall 50%? When thinking about the non-linear effects of the financial markets, it isn’t impossible. One Chinese bank has called for as many as three 15% one-off devaluations. Fundamentals and sentiment have favored the bears for several years, and now its time when reflexivity will really start kicking in. The shift from bullish to bearish on the yuan is a huge sentiment move, but most economists are still predicting small moves. [This is v]ery unlikely given the history of financial markets. Here we have a prediction that the Yuan could fall as much as 45 to 50%. Pace of U.S. Interest Rate Increases To an extent how far the Yuan falls is due to a strengthening dollar instead of a weakening Yuan. However it appears that the market has already priced in the first Fed rate increase. Reuters speculates that there will be a limit to U.S. rate increase hikes. The dollar edged lower against major currencies on Monday on worries that heightened market volatility caused by an oil price slump and turmoil in credit markets could limit the number of U.S. interest rate hikes and dampen the greenback's allure. The dollar index has been down 2.5 percent so far this month, much of it due to profit-taking as investors have fully priced in the first U.S. interest rate increase in nine years. The Federal Reserve is expected to deliver that policy move on Wednesday, with investors now focused on the pace of tightening after that. How far will the Yuan fall? China needs to clean up its credit mess and adjust its economy away from being solely export driven. It needs to let its currency fall as the market dictates. The issue with the Yuan is the Chinese economy and not the USD. https://youtu.be/KI_86JSAMtg
Views: 74 ForexConspiracy
IMF Urges RMB to Appreciate
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews The International Monetary Fund's (IMF) annual report urges the Chinese Communist Party (CCP) to facilitate the appreciation of the RMB, tackle China's runaway inflation, deal with its real estate bubble, diminish its currency control, improve people's lives, and reduce conflicts between its trading partners. Some experts say that the appreciation of the RMB will not change people's living standards, since the "inflation" people are suffering from is the result of state-controlled monopolies. The IMF's annual report on China's economy urges the CCP to appreciate the RMB, tackle China's rising inflation, deal with its real estate bubble crisis, implement financial reforms to boost domestic demand, improve the lives of its people, and reduce ongoing conflicts between its trading partners. Cheng Xiaonong, a well-known economist, said that the IMF made these suggestions, because they do not know the real situation in China or understand its economy. Cheng Xiaonong: If China's import prices drop and the RMB appreciates, the ones who benefit will be China's monopoly enterprises, not the people, as those monopolies control prices. The IMF's conclusion is wrong because they mistake China's 'fake market economy' for real. The inflation people are suffering from is not the result of imports, but of monopolies." Wu Fan, China issue analyst, believes that all the problems that China's economy is facing indicate that the GDP-centered production mode has reached an impasse. Wu Fan: (The current production model) is GDP-centered and is based on the idea of plundering land, resources, and workers' wages. The state revenue, another aspect of the economy, is over RMB 1,000 billion per month, which is three times of the GDP growth. However, the proportion of the ordinary people in the total GDP has decreased from 12 % to 8 %." The IMF also believes that the RMB is greatly undervalued. A consulting group from the IMF estimates that according to different calculations, the RMB is undervalued by 3% to 23%. They believe that since the People's Bank of China mass prints RMB bills to buy USD, the appreciation rate of the RMB cannot reach the level expected under the current market forces. Cheng said that since China has too much currency reserve and "hot money," the pressure on the RMB's appreciation is considerable. The CCP allows for a slight appreciation, which is far below international expectations, so the RMB has a long way to go before it reaches a normal exchange rate with the USD. Cheng Xiaonong said: "China is facing a severe inflation. Thus, if the RMB appreciates further, the CCP will be facing even more pressure. Therefore, it is not possible for the CCP to go along with the international community's wishes and advice. However, facing international pressure, the CCP has appreciated the RMB in token amounts. Similar to the over appreciation of Japanese yen in the 1980s, which greatly affected Japan's economy, the CCP is afraid that a similar situation would happen in China if the Yuan appreciated. Therefore, the CCP insists that currency reform is a sovereign right issue. Yao Jingyuan, ex-chief economist of State Statistics Bureau, recently said that a large RMB appreciation will cut export enterprises' profit, thus lowering export volume. He believes that a large RMB appreciation will hurt exports, immediately resulting in widespread unemployment. So how can the RMB exchange rate problem be solved? Wu Fan believes that China should turn its export economy into a domestic economy, which will increase people's income and make people rich rather than making the government rich. Only by benefiting the people, can a society be stabilized. Then there is no need of so much "stability maintenance fee" or so many government agencies to suppress people. Simply use the vast amounts of money that the CCP now holds to produce goods in China, for the Chinese people, which will in turn provide create a better future for the Chinese. NTD reporters Liu Hui, Song Feng and Xue Li 《神韵》2011世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 365 ChinaForbiddenNews
offshore RMB rate fall at 0.7% onshore currency below 6.40 人民幣在岸價進一步貶值2015
 
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China's yuan weakened against the dollar on Monday, pulled down by a collapsing stock market, but losses were capped by a stable central bank midpoint, traders said. China's major stock indexes tumbled more than 8 percent on Monday morning, with traders saying disappointment over the lack of widely expected monetary policy easing measures over the weekend triggered a fresh sell-off. The market had expected that the central bank would cut banks' requirement reserve ratios (RRR) to counter the economic slowdown. "The yuan market was affected by the stock turmoil in early trade," said a trader at a Chinese commercial bank in Shanghai. "However, the central bank's relatively strong guidance rate helped stabilize the exchange rate to some extent." The People's Bank of China set the midpoint rate CNY=SAEC at 6.3862 per dollar prior to market open, slightly stronger than the previous fix of 6.3864. The spot market CNY=CFXS opened at 6.3897 per dollar and was changing hands at 6.3978 at midday, off an intraday low of 6.3994 but was still 0.14 percent weaker than the previous close. Offshore yuan CNH=D3 was trading 1.04 percent down from the onshore spot at 6.4648 per dollar. The basis spread between offshore yuan and the onshore spot rate expanded to its widest level in nearly four years. "If the CNH liquidity in the offshore market continues to tighten, we could see further capital outflows from mainland China," said Zhou Hao, a senior economist at Commerzbank AG, in Singapore. "Maybe at the end of the day, China will have only two options: one is to put more control on the capital account; second is to let the currency go." Non-deliverable currency contracts (NDFs) CNY1YNDFOR= in the offshore market for the Chinese currency was being quoted at 6.65 per dollar in early trade, a nearly 4 percent discount in 12 months to the onshore market rate. Spreads between one-year and one-month NDFs widened considerably indicating more weakness in the Chinese currency over the medium term. offshore RMB rate fall at 0.7% onshore currency below 6.40 人民幣在岸價進一步貶值2015,for more information about china world news visit site at http://youtube.com/user/chinaworldnews as well as business website at http://penglaichina.com
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: 133 New China TV
Onshore Versus Offshore RMB
 
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Fran Rodilosso, Portfolio Manager, Fixed Income ETFs, explains the differences between onshore and offshore Renminbi and where he expects the currency to be headed in the future. “The main difference between the onshore and offshore trading of the RMB is that onshore RMB trading is highly restricted. For the most part, only certain onshore entities are allowed to engage in foreign exchange transactions on the onshore RMB.”
Views: 2247 VanEck
Bank of China Announces Renminbi Yuan World Reserve Currency Bangkok Airport
 
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Bank of China Announces Renminbi Yuan World Reserve Currency - Article http://globalcurrencyreset.net/rmb-chinese-yuan-global-reserve-currency/ Subscribe for updates: http://globalcurrencyreset.net/subscribe-newsletter/ In a startling billboard found at the Bangkok International Airport, the bank of China has announced that they have the world currency. February http://globalcurrencyreset.net/dollar-collapse-coming-soon/ Main Website: http://globalcurrencyreset.net/ Article about the billboard: http://www.sovereignman.com/trends/the-chinese-have-put-out-billboard-ads-announcing-the-renminbi-as-the-new-world-currency-16318/ Follow along 0:32 search Google for china world currency and select past month to read the articles 0:44 will Bejing revalue it's currency http://online.barrons.com/articles/SB52018153252431963983004580506980889917368 0:50 China International Payment System (CIPS) http://rt.com/business/239189-china-payment-system-ready/ 1:13 USA Today China calls for new global currency http://abcnews.go.com/Business/story?id=7168919 1:18 Chinese Yuan now top 5 major international PAYMENT currency http://rt.com/business/227031-yuan-top-5-payment-swift/ 1:30 10 Year Chinese Yuan vs US Dollar Chart http://www.xe.com/currencycharts/?from=USD&to=CNY&view=10Y 1:55 July 21, 2005 Devaluation (revalue) of Yuan http://money.cnn.com/2005/07/21/news/international/china_yuan/ 2:21 Historical News from 2005 - https://www.google.com/search?q=china+july+21+2005&es_sm=122&source=lnt&tbs=cdr%3A1%2Ccd_min%3Ajuly+2005%2Ccd_max%3Aaug+2005&tbm= china reserve currency china world reserve currency china yuan reserve currency dollar as a reserve currency dollar as reserve currency dollar as world reserve currency dollar global reserve currency dollar no longer world reserve currency dollar reserve currency dollar reserve currency status dollar world reserve currency end of dollar as reserve currency end of dollar as world reserve currency euro as a reserve currency euro as reserve currency euro reserve currency fall of dollar as reserve currency foreign currency reserve foreign reserve currency future of the dollar as world reserve currency future of us dollar as reserve currency global currency reserve global reserve currency history of world reserve currency international reserve currency new world reserve currency reserve currency dollar reserve currency of the world reserve currency status the fall of the dollar as the global reserve currency the world reserve currency united states reserve currency us dollar as reserve currency us dollar as world reserve currency us dollar global reserve currency us dollar reserve currency us dollar reserve currency status us dollar world reserve currency us reserve currency us reserve currency status us world reserve currency what is a reserve currency what is foreign exchange reserve what is foreign reserve what is reserve currency what is the reserve currency world bank reserve currency world currency reserve world reserve currencies world reserve currency world reserve currency crisis world reserve currency definition world reserve currency exchange world reserve currency status worlds reserve currency yuan as reserve currency yuan reserve currency China announces world currency at Bangkok International Airport March 2015 - https://www.youtube.com/watch?v=Q4hvXpfu8RU
Views: 17040 Global Currency Reset