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Chinese Renminbi, Yuan Exchange Rates...  | Currencies and banking topics #43
 
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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... | Currencies and banking topics #21
 
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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: 12841 BusinessMediaguide.Com
China raises nominal rate of RMB against U.S. dollar
 
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美 '환율전쟁 압박'에 中 인민은행 위안화 평가절상 China's foreign exchange authorities significantly lowered the exchange rate for the yuan. The move comes just days after the U.S. said it's considering new duties on goods from countries that undervalue their currencies. Kim Da-mi updates us on the situation. The People's Bank of China set its reference rate at 6-point-89 yuan against the U.S. dollar on Monday, down zero-point-one percent from the previous day. This means the Chinese yuan strengthened against the greenback. China's central bank had been raising the rate, making the currency weaker. It did so for 11 straight days until last Thursday, the 23rd, and then again the next day by a nominal amount. Technically, this is the first time the Chinese financial authorities have significantly lowered the mid-point rate since the trade talks between the U.S. and China ended without a deal on the 10th. The Chinese government has clarified that China will not tolerate a rapid devaluation of the yuan... and has blamed the depreciating yuan on the unsuccessful trade talks with the U.S. Last Thursday, the U.S. Commerce Department proposed new countervailing duties on products from countries that undervalue their currencies against the dollar. According to the department, the new rule could include new criteria for determining when currencies are undervalued. Reports say it could snare other countries, including Germany, and even South Korea. KIM Da-mi, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews
Views: 85715 ARIRANG NEWS
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: 1045 China Non-Stop
USD-RMB Exchange Rate
 
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USD-RMB Exchange Rate
Views: 807 bonnetwork
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: 113388 Khan Academy
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
Use Calculator As a Live Currency Converter
 
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Use Windows Calculator for Live Currency Converter Facebook Page : https://www.facebook.com/MeMJTube Follow on twitter: https://twitter.com/mj1111983 Website : http://www.bsocialshine.com Afghan afghani, European euro, Albanian lek, Algerian dinar, United States dollar, Angolan kwanza, East Caribbean dollar, East Caribbean dollar, Argentine peso, Armenian dram, Aruban florin, Saint Helena pound, Australian dollar, Azerbaijan manat, Bahamian dollar, Bahraini dinar, Bangladeshi taka, Barbadian dollar, Belarusian ruble, Belize dollar, West African CFA franc, Bermudian dollar, Bhutanese ngultrum, Bolivian boliviano, Bosnia and Herzegovina convertible mark, Botswana pula, Brazilian real, Brunei dollar, Bulgarian lev, Burundi franc, Cape Verdean escudo, Cambodian riel, Central African CFA franc, Canadian dollar, Cayman Islands dollar, New Zealand dollar, Chilean peso, Chinese Yuan Renminbi, Australian dollar, Australian dollar, Colombian peso, Comorian franc, Congolese franc, Cook Islands dollar, Costa Rican colon, Croatian kuna, Cuban peso, Netherlands Antillean guilder, Czech koruna, Danish krone, Djiboutian franc, East Caribbean dollar, Dominican peso, Egyptian pound, Eritrean nakfa, Swazi lilangeni, Ethiopian birr, Falkland Islands pound, Faroese krona, Fijian dollar, CFP franc, Gambian dalasi, Georgian lari, Ghanaian cedi, Gibraltar pound, Danish krone, East Caribbean dollar, Guatemalan quetzal, Guernsey Pound, Guinean franc, Guyanese dollar, Haitian gourde, Honduran lempira, Hong Kong dollar, Hungarian forint, Icelandic krona, Indian rupee, Indonesian rupiah, SDR (Special Drawing Right), Iranian rial, Iraqi dinar, Manx pound, Israeli new shekel, Jamaican dollar, Japanese yen, Jersey pound, Jordanian dinar, Kazakhstani tenge, Kenyan shilling, Australian dollar, Kuwaiti dinar, Kyrgyzstani som, Lao kip, Lebanese pound, Lesotho loti, Liberian dollar, Libyan dinar, Swiss franc, Macanese pataca, Macedonian denar, Malagasy ariary, Malawian kwacha, Malaysian ringgit, Maldivian rufiyaa, Mauritanian ouguiya, Mauritian rupee, Mexican peso, Moldovan leu, Mongolian tugrik, East Caribbean dollar, Moroccan dirham, Mozambican metical, Myanmar kyat, Namibian dollar, Australian dollar, Nepalese rupee, CFP franc, New Zealand dollar, Nicaraguan cordoba, Nigerian naira, New Zealand dollar, Australian dollar, North Korean won, Norwegian krone, Omani rial, Pakistani rupee, Israeli new shekel, Papua New Guinean kina, Paraguayan guarani, Peruvian sol, Philippine peso, New Zealand dollar, Polish zloty, Qatari riyal, Romanian leu, Russian ruble, Rwandan franc, Saint Helena pound, East Caribbean dollar, East Caribbean dollar, East Caribbean dollar, Samoan tala, Sao Tome and Principe dobra, Saudi Arabian riyal, Serbian dinar, Seychellois rupee, Sierra Leonean leone, Singapore dollar, Netherlands Antillean guilder, Solomon Islands dollar, Somali shilling, South African rand, Pound sterling, South Korean won, South Sudanese pound, Sri Lankan rupee, Sudanese pound, Surinamese dollar, Norwegian krone, Swedish krona, Swiss franc, Syrian pound, New Taiwan dollar, Tajikistani somoni, Tanzanian shilling, Thai baht, New Zealand dollar, Tongan pa’anga, Trinidad and Tobago dollar, Pound sterling, Tunisian dinar, Turkish lira, Turkmen manat, Australian dollar, Ugandan shilling, Ukrainian hryvnia, UAE dirham, Pound sterling, Uruguayan peso, Uzbekistani som, Vanuatu vatu, Venezuelan bolivar, Vietnamese dong, CFP franc, Yemeni rial, Zambian kwacha, AFN, EUR, EUR, ALL, DZD, USD, EUR, AOA, XCD, XCD, ARS, AMD, AWG, SHP, AUD, EUR, AZN, BSD, BHD, BDT, BBD, BYN, EUR, BZD, XOF, BMD, BTN, BOB, USD, BAM, BWP, BRL, USD, USD, BND, BGN, XOF, BIF, CVE, KHR, XAF, CAD, USD, KYD, XAF, XAF, NZD, CLP, CNY, AUD, AUD, COP, KMF, CDF, XAF, none, CRC, XOF, HRK, CUP, ANG, EUR, CZK, DKK, DJF, XCD, DOP, USD, EGP, USD, XAF, ERN, EUR, SZL, ETB, FKP, none, FJD, EUR, EUR, EUR, XPF, XAF, GMD, GEL, EUR, GHS, GIP, EUR, DKK, XCD, EUR, USD, GTQ, GGP, GNF, XOF, GYD, HTG, HNL, HKD, HUF, ISK, INR, IDR, XDR, IRR, IQD, EUR, IMP, ILS, EUR, JMD, JPY, JEP, JOD, KZT, KES, AUD, EUR, KWD, KGS, LAK, EUR, LBP, LSL, LRD, LYD, CHF, EUR, EUR, MOP, MKD, MGA, MWK, MYR, MVR, XOF, EUR, USD, EUR, MRU, MUR, EUR, MXN, USD, MDL, EUR, MNT, EUR, XCD, MAD, MZN, MMK, NAD, AUD, NPR, EUR, XPF, NZD, NIO, XOF, NGN, NZD, AUD, USD, KPW, NOK, OMR, PKR, USD, ILS, USD, PGK, PYG, PEN, PHP, NZD, PLN, EUR, USD, QAR, EUR, RON, RUB, RWF, USD, EUR, SHP, XCD, XCD, EUR, EUR, XCD, WST, EUR, STN, SAR, XOF, RSD, SCR, SLL, SGD, USD, ANG, EUR, EUR, SBD, SOS, ZAR, GBP, KRW, SSP, EUR, LKR, SDG, SRD, NOK, SEK, CHF, SYP, TWD, TJS, TZS, THB, USD, XOF, NZD, TOP, TTD, GBP, TND, TRY, TMT, USD, AUD, UGX, UAH, AED, GBP, USD, UYU, USD, UZS, VUV, EUR, VEF, VND, USD, XPF, YER, ZMW,
Views: 13247 MJ Tube
China's central bank official dismisses RMB concerns
 
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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: 253 New China TV
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: 669 CGTN
UAE Dirham (AED) Exchange Rates ... | Currencies and banking topics #104
 
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Official exchange rates of the United Arab Emirates dirham (AED) ... EUR / AED exchange rate, USD / AED exchange rate, GBP / AED, CNY / AED, JPY / AED, BDT / AED, PKR / AED, PHP / AED, INR / AED currency exchange rates ... (Source: Central Bank Of The UAE) Currency exchange rates in Dubai, UAE … 1 USD USA dollar to AED UAE dirham exchange rate … 1 EUR euro to AED UAE dirham exchange rate … 1 GBP UK pound sterling to AED UAE dirham exchange rate … 1 CNY Chinese yuan to AED UAE dirham exchange rate … 1 JPY Japanese yen to AED UAE dirham exchange rate … 1 BDT Bangladeshi taka to AED UAE dirham exchange rate … 1 PKR Pakistan rupee to AED UAE dirham exchange rate … 1 PHP Philippine peso to AED UAE dirham exchange rate … 1 INR Indian rupee to AED UAE dirham exchange rate … أسعار الصرف الرسمية لدولة الإمارات العربية المتحدة ... Taxas de câmbio oficiais do Dirham dos Emirados Árabes Unidos ... 阿拉伯联合酋长国迪拉姆的官方汇率...... Taux de change officiels du dirham des Émirats arabes unis ... アラブ首長国連邦ディルハム公式為替レート... संयुक्त अरब अमीरात Dirham के आधिकारिक विनिमय दर ... Offizielle Wechselkurse der Vereinigten Arabischen Emirate Dirham ... أسعار الصرف في دبي ، الإمارات ... Taxas de Câmbio em Dubai, Emirados Árabes Unidos ... نرخ ارز در دبی، امارات متحده عربی ... ドバイ、アラブ首長国連邦の為替レート دبئی، متحدہ عرب امارات میں ایکسچینج کی شرح ... ദുബായ്, യുഎഇ എക്സ്ചേഞ്ച് ... Tipos de cambio en Dubai, Emiratos Árabes Unidos ... Taux de change à Dubaï, EAU ... Currency open market ... Forex exchange rates … American dollar rates in Dubai ... uae dirham rate today... UAE currency market... Today AED rate… AED forex action... Currency prices 2019 in Dubai, UAE... UAE Central Bank exchange rates ... Currencies and banking topics ...
Today USD dollar,Euro,Pound,INR,BDT currency exchange rate in Bangladesh Bank
 
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Today's video is related to the Update currency Exchange rate in Bangladesh. USD or us dollar rate, Euro rate, pound exchange rate, INR exchange rate, bdt currency exchange rate in Bangladesh Bank Most people don't know how to find Bangladesh currency and also search like this on google.com Us dollar to taka, pound rate in Bangladesh, today euro rate in Bangladesh, euro rate in bd, dollar rate in bd Google.com exchange rate https://goo.gl/XBYrw6 Bangladesh Bank exchange rate https://goo.gl/g5jYfU =============================================== Contact with Me For Technical Support Or Sponsorship ✉✉ Mail [email protected] ► FB Page http://www.facebook.com/himunch.2017 ►FacebookGroup::- https://facebook.com/groups/himunchakma/ =============================================== ►► আরও দেখুন ■ Create Youtube Channel https://goo.gl/sbZWFQ ■ YouTube A-Z https://goo.gl/Bxm5WX ■ 5 Ways to Earn Facebook https://goo.gl/kh5jr7 ■ Facebook Marketing Secrets https://goo.gl/csF9JV ■ 8000 TK https://goo.gl/TMK4bN ■ Per Work 50 TK https://goo.gl/1jpXph ■ Ipay 50 Tk free https://goo.gl/rLCNnc ■ Eken H9 CAMERA https://goo.gl/LuV428 ■ Lifetime income https://goo.gl/YYFpHQ ■ How much pay youtube https://goo.gl/gY3A7N ►►YouTube Related ■ My YouTube intro https://goo.gl/tet89S ■ Free YouTube Promotion https://goo.gl/QYAbgx ►►My Income Proof ■ 27890 Taka https://goo.gl/SCaQFw ■ 29000 TaKa https://goo.gl/rTKT16 ■ 2700$ https://goo.gl/ea4dr7 DISCLAIMER: This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! HimunChakma or send a message on this page and I'll see what I can do to answer it. Try to share my video on social media like facebook, twitter etc.Thanks for watching!
Views: 18673 Himun Official
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: 44 CCTV English
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: 485 CGTN
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: 2459 ForexConspiracy
Chinese Money: A Guide | How To SPOT FAKE MONEY In CHINA | BE SAFE in China
 
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The Chinese Yuan, or RenMinBi (RMB), is the common currency of the People's Republic of China. The exchange rate of yuan to US dollars is roughly six-to-one, which makes it nice for any Americans, Brits, or Europeans coming to China. This is a guide for anyone who may not know what Chinese money looks like or what it means. It may not be entertaining, but it is an important thing to talk about. Money makes the world go round, so we should know a little something about it! :) Facebook: http://www.facebook.com/letchinasleep2 Twitter: @LetChinaSleep 我的微博:@懒惰老外 My old blog: http://www.austinguidryexperiencingchina.blogspot.com
Views: 52464 Austin In China
Getting Money In and Out of China
 
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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: 70537 serpentza
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.
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: 1344 aaaricuny
China's central bank vows to keep exchange rate stable
 
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중국 인민은행 구두개입…"환율 안정 유지" China's central bank vowed to keep its currency stable and continue with its economic stimulus policy. The bank's deputy governor said People's Bank of China will try to keep the yuan from weakening past the key seven-yuan-per-dollar level through its monetary policy tools. Beijing's currency has lost almost three percent to the greenback this month amid rising trade tensions. The last time it weakened past seven dollars was more than ten years ago. A weakening yuan could help raise the country's exports by lowering its prices but it could also trigger capital flight. Arirang News Facebook: http://www.facebook.com/arirangtvnews
Views: 109 ARIRANG NEWS
The Dollar-Yuan Exchange Rate is a Very Poor Trade Candidate for Trade Wars
 
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Talking Points: • Trade wars are a critical fundamental theme that will likely motivate much of the volatility and momentum in the near future • While it is essential to account for this global stand off - and even take advantage - the Dollar-Yuan is a poor outlet • Being so close to the heart of trade wars, a conduit for remarkably uncertainty and presumed intervention makes USDCNH a risk See how retail traders are positioning in USDJPY, other FX crosses, indices, gold and oil intraday using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)
Views: 1760 DailyFX
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: 825 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: 545 AP Archive
Trading in Chinese currency begins in Taiwan
 
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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: 310 AP Archive
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: 71 New China TV
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: 375 S&P Global Ratings
China's Yuan rate significantly lower against the U.S dollar
 
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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: 298 CGTN Africa
Dollar vs RMB—Which one is safe for investors?
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Since 2008, the United States has been at the center of the financial storm, and even once faced the risk of debt default. While China has reached currency swap agreement with 21 countries and regions, will the RMB replace the dollar and become the dominant reserve currency? Please see our analysis. Economist Eswar Prasad pointed out that despite the upheaval in the U.S. economy, the U.S. dollar remains the dominant reserve currency. Eswar Prasad is a Senior Fellow at the Brookings Institution, the American think tank. He explained the world relies on the security of the dollar, which "the rest of the world has a great deal of trust in." In fact, the dollar holds its power even during the financial crisis. Eswar Prasad said that international investors will always turn to the dollar because of the "deep financial markets, a powerful central bank and legal framework the rest of the world has a great deal of trust in." Eswar Prasad also indicated that the U.S. will not resort to inflation to reduce debt, this could damage both international investors as well as American investors. Eswar Prasad, former head of the Financial Studies Division and the China Division at the IMF, International Monetary Fund. In his new book, "The Dollar Trap", he believes that the dollar will remain as the dominant reserve currency. The RMB will not displace the dollar any time soon because of China's political system. He indicated that given the current political system and the legal framework in China, it's unlikely China will be viewed as a safe haven for investors, but rather a diversified reserve. Xie Tian, Professor of Marketing at the University of South Carolina Aiken indicates that: as a world model in politics, economy, military, social and culture, and the moral appeal, the United States has the strength that no other democratic country could compare. Xie Tian, professor of Marketing at University of South Carolina Aiken: "The United States is now completely out of recession with annual economic growth of 2% to 3%. European countries are still struggling, so is Japan. While China is just entering the economic crisis. In this case, the dollar has undoubtedly become the safe haven as the reserve currency." According to the Treasury International Capital report, China, the largest foreign holder of the bills, boosted its holdings by $12.2 billion USD to $1.32 trillion USD, - a record high. China's foreign exchange reserves rose to $ 3.82 trillion USD at the end of 2013, which is $ 509.7 billion more than a year earlier, the People's Bank of China said on Wednesday. Both foreign exchange reserves and the annual growth rate have reached a record high. Xie Tian points out that China's large foreign exchange reserve reflects the Communist regime's lack of confidence. The exchange rate between dollars and RMB is close to 6, a new high since 2005. The balance of M2, China's broadest measure of money supply, recorded 107.93 trillion yuan ($17.78 trillion), in December 2013, from 30 trillion yuan ($4.942 trillion) at the end of 2005. That is a 218% growth in eight years, while the United States only experienced a growth of 55%. The New York Times indicated in its January 16 report that because of the amount of money sloshing around China's economy,housing prices have soared, feeding fears of a bubble, while leaving many ordinary Chinese people feeling poor and left out. An economic column in China also reported that: Chinese people have become the ultimate scapegoat of the appreciation of the RMB overseas, but depreciation domestically. Ren Zhongdao, financial analyst: "The Communist regime has become the world's largest cash printing machine. According to the Chinese broad measure, the RMB supply has exceeded 1.5 times that of the dollar." Xie Tian: "There has been a double-digit inflation in China because of the abusive printing of the RMB by the Communist regime. In fact, the regime is facing an even greater financial crisis, whether it is the real estate bubble, the declining stock market, or the immeasurable local debts." Xie Tian points out that the final economic collapse is inevitable in China, on account of the habitual cash printing of the regime. He believes that the economic collapse would naturally lead to the collapse of the communist regime. 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 423 ChinaForbiddenNews
Will the RMB Match the US Dollar?
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews This is the first time third quarter Chinese currency trade settlement amounts took a down turn. Although this news is somewhat unexpected, it is still reasonable. Data shows that behind the Chinese currency RMB trade settlement's development lays rampant arbitrage in mainland companies, with foreign companies being less involved. Expert analysts believe that it is impossible for the RMB to match the U.S. dollar over the next five to 10 years. U.S.-China Economic and Security Review Commission (USCC) warns in a November report that the RMB could threaten the U.S. dollar's dominance in five to 10 years. Xie Tian, a professor at the Aiken School of Business of the University of South Carolina, said that the U.S. often warns itself. The USCC reminds U.S. policymakers from the worst angle, that is, their assumptions are based on two things: China sustaining a 10 percent annual growth rate and some of its own calculated guesses being calculated right. Xie Tian: "If the RMB could threaten the U.S. dollar, firstly, the RMB must be a freely circulating currency, if not, no one will want it as a reserve currency; secondly, no one is willing to accept a currency that is manipulated by a government. If the CCP regime can easily control and change the exchange rate, why is it necessary for other countries to put their national wealth in the hands of another country?" The People's Bank of China recently reported that the 3rd quarter of total cross-border trade in RMB has dropped slightly, which is the first decline since June 2009, when China launched related test projects. The U.K.'s Financial Times first reported in January that the main reason for the RMB trade settlement boom is that mainland companies are trading with their Hong Kong subsidiary companies, attempting to arbitrage between the two markets. Bankers said that third-quarter arbitrage activity has decreased, leading to a decrease in RMB trade settlement. According to data from Swift, a global payment system, 80% of cross-border RMB payments relate to Hong Kong. During RMB cross-border payment transactions, only 8% is the "real publicised," figure, meaning, the bulk of trade transactions are from the mainland and outside of Hong Kong. According to Xie Tian's analysis, China's real outsider small RMB settlements are mainly from Vietnam and Russia and some other small border transactions. Xie Tian: "Because China's financial market is facing great pressure, one is the internationalization push; another one is that the capital flight out of China, and the fact that there are no major multinational companies using the RMB in trade, except Russia and Vietnam. The RMB cannot become the international currency of choice in one or two years." An executive from one of the world's largest banks said that at the moment there are almost no multinational companies trading in the RMB. He said that foreign companies make use of U.S. dollars, and shun the RMB due to its complexity. Xie Tian believes that China's economy is possibly out of control and will face a serious crises in five years. Thus, the target of having the RMB replace the U.S. dollar as the world reserve currency moves further and further away. The USCC also reported that the Chinese Communist Party (CCP) is continuing to intervene in China's domestic economy, They provide subsidies and protection to state-owned companies, they force foreign investors to transfer their technology to China, and only open up government procurement to national enterprises. The CCP still controls the flow of a large amount of cross-border capital. Meanwhile, it continues to intervene in currency markets in order to hold down the RMB exchange rate. In Washington, the RMB issue has once again become the most important political issue on the U.S. government's agenda. In October, the U.S. Senate passed a bill allowing the United States to underestimate the margin of exchange rate according to estimation, in order to impose retaliatory tariffs on China's export production to the United States. President Obama's administration officials, including U.S. Trade Representative Ron Kirk and Commerce Secretary John Bryson, will be attending the U.S.-China Joint Commission on Commerce and Trade meeting this weekend. This is the main forum for the two governments to hold bilateral negotiations on related matters. NTD reporters Liu Hui and Wang Mingyu
Views: 455 ChinaForbiddenNews
RMB hit record low against US dollars in six years
 
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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: 944 CGTN
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: 1140 Brookings Institution
Bangladeshi Taka (BDT) Exchange Rates...  | Currencies and banking topics #44
 
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Exchange rates of the Bangladeshi currency Taka (BDT)... Source: Bangladesh Bank 1 USD United States Dollar to Bangladeshi Taka BDT exchange rate 1 EUR European Euro to Bangladeshi Taka 1 GBP British Pound Sterling to Bangladeshi Taka 1 AUD Australian Dollar to Bangladeshi Taka 1 JPY Japanese Yen to Bangladeshi Taka 1 CAD Canadian Dollar to Bangladeshi Taka 1 SEK Swedish Krona to Bangladeshi Taka 1 SGD Singapore Dollar to Bangladeshi Taka 1 CNH Chinese currency to Bangladeshi Taka 1 INR Indian Rupee to Bangladeshi Taka Central bank of Bangladesh exchange rates... American dollar exchange rate in Dakka, Bangladesh... how much taka in one dollar... Yuan, Renminbi to Taka... Bangladeshi money exchange rate today... How much one euro equal in taka... Forex rates in Bngladesh... BDT exchange rate chart... বাংলাদেশী টাকা (বিডিটি) এক্সচেঞ্জ হার ... বাংলালির টাকা কত ডলার সমান ... 1 মার্কিন যুক্তরাষ্ট্রে ডলার বাংলাদেশ থেকে বিডিএ বিনিময় হার 1 ইউরো ইউরোপীয় ইউরো বাংলাদেশী টাকার জন্য 1 জিবিপি ব্রিটিশ পাউন্ড স্টার্লিং বাংলাদেশী টাকা 1 ডলার অস্ট্রেলিয়ান ডলার বাংলাদেশী টাকা 1 জেপিওয়াই জাপানি ইয়েন বাংলাদেশী টাকা 1 সিএডি কানাডিয়ান ডলার বাংলাদেশী টাকা 1 এস সুইডিশ ক্রোনা বাংলাদেশী টাকায় 1 এসজিডি সিঙ্গাপুর ডলার বাংলাদেশী টাকা সিএনএইচ চীনা মুদ্রা বাংলাদেশীকে ... বাংলাদেশের কেন্দ্রীয় ব্যাংক বিনিময় হার ... ডাকক, আমেরিকার আমেরিকান ডলার বিনিময় হার ... এক ডলার কত টাকায় ... ইউয়ান, রেনমিন্বী টু টাক ... বাংলাদেশি টাকা বিনিময় হার আজ ... বিনিময় বিনিময় হার চার্ট ... USD/BDT, EUR/BDT, CNY/BDT, CNH/BDT, JPY/BDT, SEK/BDT, SGD/BDT, INR/BDT, CAD/BDT, AUD/BDT...
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: 199 Commerzbank AG
World Insight— China exchange rate; Asia's billionaires 08/12/2016
 
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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: 1337 CCTV English
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
RMB on GBP/USD, USD/JPY & ZAR
 
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In this edition of 'Targets in Focus' DukascopyTV journalist Rowena Harris-Doughty speaks to John Cairns, Currency Strategist at Rand Merchant Bank. He shares his latest projections for GBP/USD,considering the British pound's recent strength, USD/JPY and emerging market currencies like the South African Rand.
Views: 248 Dukascopy TV (EN)
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: 134 CGTN
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: 1485 Bloomberg
RMB Soars Against USD: onshore yuan up 439 bps on Wednesday
 
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The yuan soared against the U.S. dollar on Wednesday, closing the day session at 6.7236 against the dollar, up by as much as 439 bps compared with the previous day. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing Tiktok: https://m.tiktok.com/h5/share/usr/6593878228716666886.html?u_code=d1kab7mki4ai6e&utm_campaign=client_share&app=musically&utm_medium=ios&user_id=6593878228716666886&tt_from=copy&utm_source=copy Douyin: https://www.youtube.com/redirect?q=http%3A%2F%2Fv.douyin.com%2F8QTXhV%2F&redir_token=WkBScl40kZbx7ZwJ9M7QhhTjErx8MTU0NTcyMTg3N0AxNTQ1NjM1NDc3&event=channel_description
Views: 596 CGTN
SUVARNABHUMI AIRPORT, BANGKOK VS PATTAYA  - EXCHANGE RATE COMPARISON
 
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■ MORE CONTENT & EBOOKS: https://www.patreon.com/keyframe5 ■ MEMBERSHIP: http://bit.ly/2m4Lv2i See the best way to exchange currency in Bangkok International Airport and Pattaya. In this video, I’m going to compare the currency exchange rate inside Thailand International Airport vs the currency exchange rate in Pattaya City. You will see which of the two places have the best currency exchange rate. At the end of the video, I will give you information on the best way to exchange currency in Thailand and information on how to avoid the 200-baht ATM fee. It’s cheaper than money transfer from overseas. This is not an international wire transfer - it’s a new and clever way to transfer your money to Thailand or overseas. USD to THB, AUD to THB, EUR to THB, GBP to THB, JPY to THB, CNY to THB *************************** +++++++ Links +++++++ *************************** Subscribe to this Channel https://goo.gl/5V0Wah Download Free eBook https://goo.gl/14zt8a FAQ https://www.keyframe5.com/faq/ *************************** ++++++ Get Social ++++++ *************************** Facebook https://www.facebook.com/keyframe5.thailand Twitter https://twitter.com/Keyframe5 Instatgram https://www.instagram.com/keyframe5/ *************************** + Support This Channel + *************************** Patreon https://goo.gl/WT42NS
Views: 51072 Keyframe5 Thailand
💵 Dollar, gold and the Chinese yuan Triangularity 🛆 | Ashraf Laidi
 
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Ashraf Laidi explains how to trade the U.S. Dollar vs. gold and the Chinese yuan. He explains how the Chinese weakens the yuan and how to exploit that tendency when the yuan reaches certain barriers. He also provides analysis on the sterling if the UK faces a hard Brexit. 1:54 - Correlations 4:17 - Brexit & forex markets Facebook: https://www.facebook.com/FollowMoneyShow/ Twitter: https://twitter.com/MoneyShows LinkedIn: https://www.linkedin.com/company/moneyshow/ #trading#currency#dollar#gold#chineseyuan#tradewiser#stocks
Views: 304 MoneyShow
Questions Behind The Motivation of Greater RMB Volatility
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Starting on March 17, China's central bank doubled the yuan's trading band to 2%, claiming to enhance the currency's market value. The CCP regime is believed to have loosed its grip on the tightly controlled currency due to international pressure. Many experts question the motivation behind the move. Since mid-February this year, the RMB to the U.S. dollar exchange rate has taken several nose-dives. As of today, the RMB to Dollar ratio has depreciated 1.6%. On March 15, the People's Bank of China announced: "Effective from 17 March 2014 onwards, the floating band of RMB against US dollar on the inter-bank spot foreign exchange market is enlarged from 1 percent to 2 percent." The announcement claimed it is "to meet the demand of market development, give market a bigger role in exchange rate pricing, and build a managed floating exchange rate regime based on market supply and demand." The last time the CCP relaxed the RMB exchange rate was on April 16, 2012, when it was taken from 0.5% to 1%. Xie Tian, business professor at University of South Carolina Aiken: "There has been many criticisms, and the trading partners have all requested CCP to release its control and not to impose artificial manipulation. The CCP started to release in a small floating range under pressure, but the control continues. It didn't allow you to float freely; now they give a little bit of floating range but everything is still controlled." Zhang Jian, Chinese social issue researcher: "It's certainly to prove that CCP has money shortage problem based on the relaxation of foreign exchange to 2%. It might temporarily solve a pressing need, but this policy is just to quench a thirst. China's economy reached a dead end. This type of policy does not resolve the problem." Some reports say that the CCP controlled the RMB-Dollar exchange rate for fear of large international hot money inflows or outflows which might affect the Macro-economy. University of South Carolina business professor Xie Tian says the so-called hot money is mainly from the capital flight. Xie Tian: "The CCP can operate and trade from inside. As the interest group, the CCP makes huge profits through buying and selling. Such exchange rate control is likely to encourage the hot money to flow in or out and the CCP gets to make money on the money difference. The Chinese hot money has become the overseas assets of corrupt officials. They now return to China as overseas capital to invest in China and gain profits." Financal commentator Niu Dao recently published an article saying that based on data of this January, the RMB deposit has lost 940.2 billion yuan ($152 billion). This explains why when housing prices peaked; investors sold their houses and purchasers took out money for a house. It is a forewarning of the financial crisis because the final purchaser will pay the bill for the bubble. The subsequent RMB crash is caused by such large amount of money not returning to the bank but going out of China. Reuters reports that the Chinese central bank's decision to relax its grip on the yuan is aggravating concerns among foreign executives and investors in China. The doubling of the trading band could point to much greater downside risk in a currency that many investors have treated as a one-way appreciation bet for years, even when the yuan's daily trading range was expanded in the past. Reuters added that these investors are cautious of signs of slowing economic growth, highlighted by a dramatic 18 percent fall in exports in February and sluggish manufacturing. Global markets strategist Michael Woolfolk from BNY Mellon told Reuters, "We have all been surprised at the sell-off of the yuan versus the dollar." He says they are "wondering if the beginning of a trend reversal is being orchestrated by the government ..." Lars Christensen, chief emerging market analyst at Danske Bank in Copenhagen, also questioned the timing of the move and wondered if the slowdown in economic growth is the real concern for authorities. Reuters reports, The big question is... to what extent they are being forced to do it, if outflows have been more than were thought. So is it a defensive move or a pre-emptive move that opens the door for monetary easing? 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 159 ChinaForbiddenNews
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
The relationship between the Current Account Balance and Exchange Rates
 
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This lesson will illustrate 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. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 117901 Jason Welker
7-Eleven to begin offering Chinese yuan currency exchange
 
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Next month three 7-Eleven outlets will begin offering conversion of Chinese yuan into the New Taiwan dollar. The service has sparked some concerns, however, about potential impact to Taiwan’s currency sovereignty. Beginning Feb. 1, 7-Eleven will offer currency conversion of Chinese yuan into NT dollars. Only one-way transactions will be permitted, meaning 7-Eleven will only accept yuan and not convert NT dollars into yuan. Also, there is a daily cap on transactions, with each individual limited to converting 20,000 yuan a day.In 2012, FamilyMart had three stores which began offering this service, though only individuals with entry/exit permits were able to exchange yuan based on rates set by Taiwan Bank. 7-Eleven will only accept 100 yuan notes and will charge a NT$40 service fee. Family Mart accepts all banknotes and doesn’t charge a service fee.TouristI think it will be handy if convenience stores offer conversion of yuan. Going to a bank is troublesome.While tourists say it will be more convenient, some lawmakers believe that widespread use of the yuan will compromise Taiwan’s currency sovereignty.Lai Chen-changTSU LegislatorWe think this could be a very serious problem. If conversion of the yuan becomes more commonplace, the next step could be circulation and use of this currency. Taiwan’s economic and currency sovereignty would be united with China. 7-Eleven hopes to eventually expand the service to other outlets. It sees scale reaching up to NT$100 million.
USD/CNY Price Forecast – Verging On Major Breakout
 
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The U.S. dollar is in the midst of a two-stage breakout relative to its long-term performance against the Chinese yuan.  The greenback began its major advance in the early parts of 2014, and these trends continued for almost three straight years before showing signs of reversal.
Views: 358 FX Empire
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: 124698 tech4all
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: 214 CGTN