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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) ...
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: 2391 ForexConspiracy
Will China's Currency Dominate the US Dollar? | China Uncensored
 
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Could China's yuan rival the US dollar as the next major reserve currency? The IMF has made the Chinese yuan, or renminbi, the only non-democracy to be included in the SDR, or Special Drawing Rights. What does any of that mean?! Watch China Uncensored to find out what this means for the global economy. Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more China Uncensored: http://www.youtube.com/ntdchinauncensored Make sure to share with your friends! ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Google+: https://plus.google.com/+NTDChinaUncensored Instagram: instagram.com/ChinaUncensored ______________________________ MOBILE LINKS: 5 Ways Star Wars is Surprisingly Like China https://www.youtube.com/watch?v=Q49ZGvfGOIU China Sells Killer Drones to the Middle East https://www.youtube.com/watch?v=pDd4or3ckgg
Views: 198239 China Uncensored
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: 461 CGTN
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: 433 AP Archive
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: 44873 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: 64882 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.
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: 206 New China TV
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: 929 China Non-Stop
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
China & USA Impacting Australian Dollar: Exchange Rate Update (July 16th)
 
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Australian Dollar Exchange Rate Update // Tariff changes between the US and China continue to affect currencies around the globe. Find out where the Australian dollar is currently sitting and where it could go next. 3-Minute Read - To read more about the forecasts from major Australian banks, you can read our article here: http://bit.ly/2AhS1bd. ***The mid market exchange rates, or actual exchange rates, were collected on Saturday July 14 at 11am. The average bank rates were calculated at the same time using publicly available website pages from Australia’s big four banks; Westpac, ANZ, NAB and Commonwealth Bank. ____________________________________________________________________ Subscribe here: http://bit.ly/2yrSi7B Facebook: https://www.facebook.com/TheCurrencyS... LinkedIn: https://www.linkedin.com/company/the-... Website: https://www.thecurrencyshop.com.au ____________________________________________________________________ Contact us: 1800 004 930 [email protected] ____________________________________________________________________ This video is for informational purposes only and is not to be construed as an offer to buy or sell any currency or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. You should consider whether any advice or recommendation in this research is suitable for your particular circumstances. The mid market exchange rates, or actual exchange rates, were collected from XE.com on Saturday July 14th at 11am. The average bank rates were calculated at the same time using publicly available website pages from Australia’s big four banks; Westpac, ANZ, NAB and Commonwealth Bank.
Views: 164 The Currency Shop
China's central bank: yuan's Tuesday fall is one-off depreciation
 
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China's central bank has announced a new way of managing the exchange rate to better reflect market forces. Following the decision, the Chinese currency, the yuan, fell sharply in value. The central bank says this is a one-off depreciation and does not indicate the beginning of a downward trend.
Views: 1147 New China TV
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: 819 ChinaForbiddenNews
PBoC: Yuan exchange rate stable
 
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China's central bank reiterated its stance on the country’s foreign reserve and foreign exchange rate on the sidelines of the G20 meetings in Shanghai. People's Bank of China’s governor Zhou Xiaochuan said the recent fluctuation in foreign reserves is reasonable and the yuan’s rate is stable against a basket of currencies. 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
currency of china
 
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currency of china Watch my video currency of china and learn how to convert USD to CNY. The currency of the second largest economy on the planet is Yuan Renminbi. I found that the most popular exchange rate is the USD to CNY. I hope you find this youtube video interesting. Xe is a currency converter xe.com Let me show you how to convert currency of china to other currencies and vice versa currency of china Contact: Christos Pittis website: www.christospittis.com udemy: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: 109745 Khan Academy
People’s Bank of China official discusses 'stable, strong' renminbi
 
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There is always a strong focus on the performance of China's currency, the renminbi, during the "Two Sessions". With US President Donald Trump and others claiming the Chinese currency is undervalued because of government manipulation, Yi Gang, deputy governor of the People’s Bank of China, the country's central bank, insisted Sunday that the currency's exchange rate was determined naturally. 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/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
Views: 302 CGTN
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: 664 CNN
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
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: 10463 Global Currency Reset
15-12-01 China says can manage exchange rates after IMF currency basket inclusion
 
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Headline: China says can manage exchange rates after IMF currency basket inclusion Published (UTC): 2015-12-01 07:05:05 Length: 01:31 SHOTLIST ONLY, FULL SCRIPT TO FOLLOW Vice governor of the People's Bank of China says he's confident that the yuan inclusion as an IMF reserve currency will not destabilise its exchange rate. EDITORS PLEASE NOTE: CONTAINS FOOTAGE THAT WAS ORIGINALLY 4:3 SHOWS: BEIJING, CHINA (DECEMBER 1, 2015) (CCTV - NO ACCESS CHINA) (ORIGINALLY 4:3) 1. NEWS CONFERENCE IN PROGRESS 2. (SOUNDBITE) (Mandarin) VICE GOVERNOR OF THE PEOPLE'S BANK OF CHINA, YI GANG, SAYING: "If the basic exchange rate system doesn't change then we will unceasingly push forward our market reforms and systemic improvements." 3. (SOUNDBITE) (Mandarin) VICE GOVERNOR OF THE PEOPLE'S BANK OF CHINA, YI GANG, SAYING: (PART OVERLAID WITH SHOTS 4 AND 5) "We completely have the ability to maintain renminbi (yuan) exchange rate stability at a reasonable and balanced level. Will the renminbi (yuan) exchange rate devalue after joining the SDR? I think such concerns are unnecessary." SHANGHAI, CHINA (RECENT - NOVEMBER 27, 2015) (CCTV - NO ACCESS CHINA) (ORIGINALLY 4:3) 4. CARS DRIVING PAST THE BUND 6. VARIOUS OF PUDONG SKYLINE BEIJING CHINA (FILE - APRIL 8, 2011) (REUTERS - ACCESS ALL) 7. VARIOUS OF BANK EMPLOYEE COUNTING YUAN NOTES BY HAND 8. VARIOUS OF YUAN NOTES BEING PUT THROUGH NOTE COUNTING MACHINE 9. VARIOUS OF BANK EMPLOYEE COUNTING DOLLAR NOTES BY HAND 10. VARIOUS OF EURO NOTES BEING PUT THROUGH NOTE COUNTING MACHINE 11. VARIOUS OF BANK EMPLOYEE COUNTING POUND NOTES BY HAND STORY: TO FOLLOW Join to my Network: https://www.freedom.tm/Libre?rdr=1&via=javierduende117&n_id=283983&ref=javierduende117 DO NOT! I violate the Copyright of the content of my music and videos all material is taken from my network
Views: 26 CLIP 4 NEWS
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: 250 CGTN Africa
Reaction to Chinese currency changes
 
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SHOTLIST 22 May 2005 1. Wide interior pan of Chinese bank 2. Electronic tote board showing latest foreign exchange rates 3. Close up on new Renminbi (yuan) value per 100 US dollars 4. Wide shot of People's Bank of China 5. Close up of bank sign 6. Cutaway Chinese flag 7. Wide shot of people looking at news headlines 8. Mid shot of same 9. Close up on news headline announcing unpegging of Renminbi (yuan) 10. Tilt down 24hr Automatic Teller Machine (ATM) branch 11. Man in ATM branch using machine 12. Money being dispensed 13. Close up of money being counted 14. SOUNDBITE (Mandarin) Ms Wei, Vox pop: "I think this is good news for Chinese people because when we travel abroad we will be able to buy foreign goods at lower prices." 15. SOUNDBITE (Mandarin) Mr Pan, Vox Pop: "We would like to see the exchange rate remain stable in the long term. We don't want to see the currency jump up and down like the stock market." FILE - 18 May 2005 16. Various shots of money counting by bank clerk STORYLINE China's decision to cut its currency's link to the US dollar could make its exports more expensive over time, giving a slight respite to foreign producers that are trying to compete with an avalanche of low-cost Chinese goods. But Chinese companies also could get a break as prices of imported oil and other raw materials fall. And a stronger currency would make foreign assets cheaper for Chinese buyers, possibly prompting more takeover bids like the one launched recently for US oil company Unocal Corporation. The decision to base the yuan's state-set value on a basket of foreign currencies such as the euro or the Japanese yen could see the yuan - also known as the renminbi, or "people's money" - rise in value as the dollar weakens against those currencies, dragged down by mounting US budget and trade deficits. A rise in the currency would push up the price of Chinese goods in dollar terms, heightening competition with other low-wage makers of shoes, clothes and appliances such as Bangladesh or Indonesia. Americans, Europeans and other foreign buyers would pay more for Chinese-made T-shirts and television sets, while Chinese would see imports get cheaper. A more favourable exchange rate also could prompt more Chinese tourists to travel abroad. The move has been widely welcomed by the world economy. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/9978c2c1d67ea46c4fca263ddb31a02f Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 148 AP Archive
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
China's Renminbi embracing internationalization
 
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Commonly we call it Yuan, but the official name of the Chinese currency is Renminbi which is translated to English as: "the people's currency". In reality, the Yuan is the basic unit of the Renminbi. Widely used in its abbreviation RMB, the Renminbi entered into circulation on December 1, 1948. The People's Bank of China is the institution responsible for the administration of the currency's circulation and keeping the exchange rate balanced. Since the reform and opening-up, China has developed after decades of rapid economic growth, into the biggest world exporter and the second largest world economy after the United States, overtaking Japan. The internationalization of the Renminbi is very impressive. In only two years the Renminbi has become one of the five most used currencies in the world. It's importance can be shown by the possible addition to the International Monetary Fund's (IMF) basket of currencies which currently includes the U.S. dollar, the Euro, the British Pound and the Japanese Yen. Every five years the Executive Director of the IMF examines options to widen the currency basket. If the Chinese currency is accepted at the end of 2015, the Reminbi will be known as a fundamental agent and necessary in the international financial balance.
Views: 1355 New China TV
Why Hong Kong pegs its currency to the US dollar
 
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Subscribe to our YouTube channel here: https://sc.mp/2kAfuvJ Since 1983, Hong Kong authorities have pegged the value of the city's currency to that of the US dollar at an exchange rate of roughly 7.8 to 1. We explain the reasoning for the peg.
RMB Devaluation vs. Chinese Property Market
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews At the end of February this year, the value of the yuan fell by more than 1%. This changed the long-standing trend of RMB appreciation. On March 18, the Renminbi (RMB) exchange rate fell again, and traded at 6.1858 to the dollar upon opening. Experts believe that although RMB value has reached an equilibrium, this devaluation could cause the domestic property bubble to burst. On March 15, China's Central Bank doubled the yuan trading band to 2%. On March 18, the RMB to dollar rate opened at 6.1858. This is equivalent to depreciation of 77 basis points. This is compared with the previous trading day's closing rate of 6.1781. It has hit a new low in 11 months. RMB has fallen 2.5% this year. The Wall Street Journal commented that, "the decision, foreshadowed by months of hints by Chinese officials, followed a week long campaign by the country's central bank to weaken the yuan." The People's Bank of China had just doubled the yuan's trading band to 1% from 0.5% on April 16, 2012. Since February this year, the Chinese capital flow has been significantly reduced. After a weak performance of exports in February, data also showed a slow down in industrial added value, fixed asset investment, and retail sales. In addition, as of the third fiscal quarter of last year, China's total foreign debt reached $823 billion. The weakening of RMB will result in increased settling up costs. That is equivalent to an increase in external debt. The Chinese Communist Party (CCP) Commerce Department stated on Tuesday that the recent RMB devaluation was intended to support exports. A Ministry of Commerce spokesman said that, "with the mechanism formation of RMB exchange rate through the deepening of reforms, two-way exchange rate fluctuations will become the norm." So, why did the central bank lead the fall of RMB? Financial analyst Ren Zhongdao says that within power struggles, the CCP is manipulating the "economic card". This is to attack the officials with vested interests. Ren Zhongdao, financial analyst: "Jiang Zemin had ruled the regime with greed and corruption. He turned state-owned enterprises into the CCP elite's source of wealth, and transferred national wealth overseas. This returned to China as foreign investment for arbitrage, to earn the interest difference and the exchange rate. To combat these officials who escape overseas with national wealth, the CCP has now brought the RMB down to cut the interest difference." Hong Hao, China Bank of Communications Chief International Strategist, recently commented in ForbesChina.com. Hong thinks the RMB devaluation will burst the real estate bubble. He stressed that, in general, cheap exchange rates will help a country to promote exports. They will strengthen foreign exchange reserves. Then, large-scale asset revaluation can be carried out through currency appreciation. Once the exchange rate is close to the equilibrium point, asset revaluation will stop. In July 2005, China started the exchange rate reform of the RMB appreciation. At that time, China's foreign exchange reserve was only $800 billion, but now has quadrupled to reach $3.8 trillion. At the same time, China's real estate prices have soared to bubble levels. Hong Hao stated that if one learns from history, devaluation of RMB will pose strong resistance to elevation of asset prices. These assets are mainly real estate and stocks. Financial analyst Ren Zhongdao believes that once CCP officials empty the hot money and run overseas, China's real estate bubble will burst. Ren Zhongdao: "Suppose someone bought a property for one million yuan. The market value is less than one million now. But this person still has to pay the mortgage. Finally, this house may be taken back by the bank, which has no use for the property, and it cannot become cash. In fact, at the end, the country and the financial system are supported by people's hard earned money. The CCP officials will leave after they get the hot money. The government is also busy with infighting, and will not care if the people live or die." According to WSJ, "with the yuan down 2% against the dollar this year, more of the bets are losing money, said Geoff Kendrick, Head of Asian Currencies and Rates at Morgan Stanley." "He estimates that paper losses on one popular way companies hedge their yuan exposure and individual investors bet on the yuan, through what is known as target redemption-forward products, have hit $2.3 billion." "Beng-Hong Lee, Head of Markets for China at Deutsche Bank AG in Shanghai, says his corporate clients are concerned about how much more the currency will depreciate." WSJ added, "while the recent declines likely aren't big enough to trigger a stampede out of the yuan, the added 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 1233 ChinaForbiddenNews
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: 111574 Jason Welker
Business Nightly: PH, China sign deal to set up peso-renminbi exchange
 
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There was much fanfare at the local currency market, as the Central Bank and Bank of China's Philippine unit signed a deal to set up a peso-renminbi trading platform. Finance chief Carlos Dominguez III is also advocating for a peso-yen trading exchange. Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews Instagram: https://www.instagram.com/abscbnnews #BusinessNightly #ANCNews
Views: 1020 ABS-CBN News
Fluctuation of Chinese Yuan against USD continues 10 consecutive days decline 人民币汇率8年来首次十連跌
 
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Ten days in a row. The renminbi has been trading at fresh four-year lows all week and this morning the People’s Bank of China set the fix weaker again, adding to the pressure. The PBoC set the fix, or mid-rate around which the renminbi is allowed to trade each day, 0.09 per cent weaker at 6.4814 per dollar. The daily fix is now 5.97 per cent softer than where the renminbi was valued before the surprise mid-August “devaluation.” The onshore exchange rate for the renminbi fell 0.17 per cent on Thursday at 6.4837 per dollar, its weakest since July 2011. The tightly-controlled currency has now been allowed to fall for seven consecutive weeks, and last Friday the PBoC signalled its comfort with a depreciating currency by saying it would prefer to gauge the renminbi’s value against a basket of currencies rather than just the US dollar. CNH, the offshore exchange rate, fell 0.68 per cent on Thursday and extended the drop another 0.05 per cent in early Friday trading, to 6.5719 per dollar, its weakest since March 2011. That’s 1.36 per cent weaker than Thursday’s closing price for the onshore rate, indicating there is further market pressure for weakening. Fluctuation of Chinese Yuan against USD continues 10 consecutive days decline 人民币汇率8年来首次十連跌,for more information about china world news visit site at http://youtube.com/user/chinaworldnews visit site at http://penglaichina.com
Coin 1 fen 2005 Chinese money Renminbi 中國 1分, China монета фень Нумизматика Китая
 
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Chinese money The Renminbi (Ab.: RMB; Chinese: 人民币; pinyin: About this sound rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to mention the Renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The Renminbi is issued by the People's Bank of China, the monetary authority of China.[5] Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its historical transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity.[6] More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012.[7] Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013,[8] and 5th in 2015 Частый вопрос в кроссвордах: "монета Китая 4 буквы" - юань или фень, но на ваших экранах часть китайского юаня монета 1 фэнь 2005 года Фынь, реже фэнь (кит. 分, пиньинь: fēn, палл.: фэнь) — первоначально единица измерения массы, затем денежная единица. Юа́нь (кит. трад. 圓, упр. 元, пиньинь: Yuan) — современная денежная единица Китайской Народной Республики, в которой измеряется стоимость жэньминьби (кит. упр. 人民币, пиньинь: Rénmínbì, буквально: «народные деньги», сокращённо RMB). Одна из основных резервных валют мира, входит в «корзину» специальных прав заимствования МВФ[1]. Международное обозначение валюты в стандарте ISO 4217 — CNY. Один юань делится на 10 цзяо (角), которые, в свою очередь, делятся на 10 фэней (分). Например, сумма в 3,14 юаня произносится как 3 юаня 1 цзяо 4 фэня (三元一角四分). Слова цзяо и фэнь также обозначают десятичные приставки 10−1 и 10−2 соответственно. В обращении находятся монеты номиналом 1, 2, 5 фэней, 1 и 5 цзяо, 1 юань. Эмиссионный институт — Народный банк Китая (учреждён 1 декабря 1948). С 1994 по июль 2005 юань был жёстко привязан к доллару США с обменным курсом 8,28:1. Надписи на четырёх языках — (чжуанском, монгольском, уйгурском, тибетском), являющимися официальными в автономных районах Китая — (Гуанси-Чжуанском, Монгольском, Синьцзян-Уйгурском и Тибетском), имеются на всех китайских банкнотах[2]. В Общероссийском классификаторе валют национальная валюта Китая называлась: китайским юанем (с 26.12.1994 по 01.01.2001), юанем Ренминби (с 01.01.2001 по 01.02.2007), юанем Жэньминьби (с 01.02.2007 по 2009 год), юанем (с 2009 года по настоящее время). По данным агентства Bloomberg, в межбанковском обороте в системе SWIFT в период с мая 2013 по май 2014 годов доля юаня составила 1,47 % (0,84 % годом ранее). При этом доля американского доллара (за тот же промежуток времени) — 42 %, евро — 32 %, российского рубля — 0,35 % Современные монеты Китая Каталог Information: Krause number KM# 1 Country China Period People's Republic (1999 - 2017) Period People's Republic (1955 - 1999) Coin type Circulation coins Denomination 1 fen Year 1955-2015 Composition Aluminium Edge type Milled Shape Round Alignment Medal (0°) Weight (gr) 0.67 Diameter (mm) 18 Thickness (mm) 1.3 ********************************************************************** Стоимость, цена монеты на интернет аукционах и нумизматических магазинах : 0.11- 0,3 USD USD ********************************************************************* ღ♥Подпишись на канал !ღ♥ ********************************************************************** The average price of coin auctions / coin stores : 0.11- 0,3 USD ******************************************************************* Композиция "Carol Of The Bells" принадлежит исполнителю Audionautix. Лицензия: Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/). Исполнитель: http://audionautix.com/
Views: 1170 НУМИЗМАТ
China’s exchange rate policy over the past decade
 
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Ben Bernanke explains the recent changes in China’s exchange rate and economic policy and why they are positive for the country’s economy. https://www.brookings.edu/events/gaining-currency-the-rise-of-the-renminbi/ On September 23, the Global Economy and Development program at Brookings hosted the launch of “Gaining Currency: The Rise of the Renminbi,” featuring the book’s author, Brookings senior fellow Eswar Prasad. Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Views: 1482 Brookings Institution
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: 1309 aaaricuny
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: 237 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: 62 New China TV
Yuan devalues for second day
 
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The Chinese Yuan has softened for a second consecutive day after the central bank reformed how the exchange rate is set to better reflect the market. The yuan's spot rate fell to 6.45 per dollar, after the People's Bank of China set its daily midpoint reference at 6.3306 against the US dollar on Wednesday, cut by 1.6 percent from the previous day. 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: 415 CGTN
What is a Trillion Dollars in Yuan?
 
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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: 276 ForexConspiracy
Chinese Yuan Hits Weakest Level Against The Dollar In Over A Decade
 
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According to a report by Markets Insider, on Tuesday, the Chinese yuan hit its weakest level against the dollar in over a decade, raising questions about how far policymakers might allow the currency to fall. The People's Bank of China set the dollar's reference rate at 6.9574 yuan per US dollar, before falling to 6.975, its weakest since May 2008. Markets Insider reports that escalating trade tensions between Washington and Beijing have increased pressure to an already slowing Chinese economy. On Monday, President Donald Trump reportedly said that his administration was prepared to place tariffs on all remaining Chinese imports to the US if trade talks don’t produce results. https://www.businessinsider.com/chinese-yuan-hits-weakest-level-in-decade-2018-10 http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
Views: 132 Wochit Business
Yuan-Euro exchange rate falls below 10
 
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Views: 385 stephanywoo
China Respects Market's Role in RMB Internationalization: Central Bank
 
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China respects the market's role in the internationalization process of its currency Renminbi (RMB), said Zhou Xiaochuan, governor of the People's Bank of China (PBOC), the country's central bank, on Friday in Beijing. Zhou made the remarks when asked about China's major measures for RMB internationalization in 2018 at a press briefing for the first session of the 13th National People's Congress, China's top legislative body. http://www.cctvplus.com/news/20180309/8075429.shtml#!language=1 Welcome to subscribe us on: Facebook: https://www.facebook.com/NewsContent.CCTVPLUS Twitter: https://twitter.com/CCTV_Plus LinkedIn: https://www.linkedin.com/company/cctv-news-content Instagram: https://www.instagram.com/cctvnewscontent/ Video on Demand: www.cctvplus.com If you are in demand of this video footage, please contact with our business development team via email: [email protected]
China to Create Global Center for RMB Settlement
 
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The central bank of China is planning to create a global center for cross-border settlement in the Chinese yuan, according to Deputy Mayor of Shanghai Tu Guangshao, speaking at the Shanghai Lujiazui Forum on Saturday. For more news and videos visit ☛ http://english.ntdtv.com Follow us on Twitter ☛ http://twitter.com/NTDTelevision Add us on Facebook ☛ http://on.fb.me/s5KV2C Shanghai authorities have already offered to build the center, and the response from the central bank has been positive, Tu said. Central Bank Deputy Governor Hu Xiaolian said the central bank introduced cross-border Renminbi, or RMB, business in 2009, and since then the RMB has been playing an increasingly greater role as an investment currency. Hu also said the progress of the internationalization of the RMB depends on international and domestic issues. [Hu Xiaolian, Deputy Governor of China's Central Bank]: "The most important driving force up to the present is our further reform and opening-up, especially the reform of marketization of interest rates and exchange rates. The second driving force is the orderly progress in the convertibility of currency in capital accounts. The use of RMB outside China no doubt has a big role to play." According to data from the People's Bank of China, RMB settlement in import and export trade topped 200 billion yuan, or over 30 billion US dollars, in May, 2012.
Views: 490 NTDTV
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Yuan exchange rate reforms to hit speculators
 
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China loosened its grip on the yuan-to-dollar exchange rate last Saturday, widening its daily trading band to two percent from one. The change went into effect on Monday. Analysts said the move will not only discourage speculation, but also hasten the internationalization process for the yuan.
Views: 230 New China TV
U.S. Issues Warning to China on Economic Downturn and Devaluation of Renminbi (RMB)
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews A G20 meeting between the International Monetary Fund (IMF) and the World Banks will be held in Washington this week. Prior to it taking place, the US has raised concerns over the sharp drop in the RMB. It warned the Beijing authorities not to manipulate RMB as it has done before. Some analysts believe that devaluation is the result of China's economic downturn. Some suggest that the RMB has been overvalued. Foreign media also point out the prediction of challenges faced with the supremacy of the dollar. A senior US Treasury official commented that, "if the recent currency weakness signals a change in China's policy away from allowing adjustment and moving toward a market- determined exchange rate, that would raise serious concerns." Since February this year, the RMB fell 2.5 percent. This is a big change for the Chinese currency, which has slowly but steadily risen over the years. Remarks by the U.S. highlight Washington's concern that the Chinese Communist Party (CCP) will stimulate exports. They will do this by depressing their currencies in response to the economic slowdown. Such action could reduce global market demand from China to hamper US growth. This is because several regions of the world, such as Europe, are in a weak economy. Some analysts believe the RMB floating down is because of market pressure. A series of wide economic data from trade, to consumption expenditure, to industrial output, has shown a slowdown in China's economy, which has reduced RMB demand. So what are the results of the RMB devaluation? What will result from the Chinese authorities' manipulation, or the natural result of China's economic downturn? Feng Xingyuan, Deputy Director of the Beijing Unirule Institute of Economics, believes there are three reasons for the recent RMB devaluation. The first is that the dollar will be inevitably strong, because of the US quantitative easing withdrawal. Second, overseas is not optimistic on China's economic slow growth. Feng Xingyuan, Deputy Director, Unirule Institute of Economics: "They will tend to invest out of China if they don't predict a good economy in China. In addition, there has been an increase in registered capital flowing out of China. Many people buy dollars to make dollars up. Dollars will go back to US in some way and RMB will go down relatively." The third reason for RMB devaluation is the fast growth of domestic prices, resulting from long-term RMB issuance. Feng Xingyuan: "it indicated that the RMB internal currency value is unstable if the price grows fast in the long term. The internal currency value is reflected in the domestic price. The unstable internal currency value will influence the stability of the external currency value in the long-term It will also influence the depreciation of the RMB exchange rate further." Without clear evidence, it is not possible to comment on whether the CCP government is manipulating the exchange rate without clear evidence. The Wall Street Journal has quoted CCP central-bank official's words. Beijing considers the drop part of its effort to thwart short-term speculators who see the yuan's strengthening as a sure bet but triggered greater two-way fluctuation. China economist Gong Shengli recently spoke to NTD. The early RMB devaluation is to thwart speculators from the central bank; but the later devaluation is because China's economy is devalued by the market. The Financial Times reported on April 8 that Lombard Street Research estimates the RMB is between 15 and 25 per cent above fair value. Overvaluation has already hurt corporate profits, which have been flat for two years. Corporate debt as a share of GDP has surged 15 percentage points during that time. This is while corporate deposits have hardly changed. In the absence of further depreciation, it will be hard for firms to keep taking a hit to their balance sheets without slashing investment, jobs and wages. China's currency could turn out to be a trigger, in the same way that US sub-prime mortgages sparked a global financial crisis. But the actual and expected rise in the RMB has spawned an arbitrage game, since the middle of 2010. A lower RMB could cause a scramble for liquidity, pushing asset prices down. This is when debts in foreign currency need to be repaid. Every time the CCP has introduced regulations to curb arbitrage -- or more recently when the People's Bank of China pushed down the RMB -- market liquidity has come under pressure. In addition, a lot of the money raised abroad has been funneled via wealth management products into Chinese corporate loans. Some of these will turn sour. A large number of such products will mature in the next few months. 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 665 ChinaForbiddenNews
The rise of the offshore renminbi - Standard Chartered Explains
 
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China -- the world's second largest economy -- is internationalising its currency, the renminbi. Ben Hung, our Hong Kong CEO, and Philippe Lintern, formerly Regional Head Global Markets, Europe, explain what's behind the rapid growth of the offshore renminbi, and give their views on where the currency goes from here.

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