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  2. Renminbi currency value - Wikipedia

    en.wikipedia.org/wiki/Renminbi_currency_value

    This is seen as a move to a more fully free-market floating of the Renminbi. The Renminbi has appreciated 22 percent since the mechanism reform in 2005 of the Yuan exchange rate. [9] However, during the onset of the 2007-2008 global financial crisis, the renminbi was unofficially repegged to the US dollar. It was again depegged from the dollar ...

  3. ‘De-dollarization is happening’: Are countries ditching the ...

    www.aol.com/finance/dollarization-happening...

    Meanwhile, the Chinese yuan — which many think is the biggest threat to the dollar — accounted for just 2.37% of reserves in the same period, with a high proportion of that being held by ...

  4. List of renminbi exchange rates - Wikipedia

    en.wikipedia.org/wiki/List_of_renminbi_exchange...

    The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency , and has an official exchange rate , the CNY plays an important role in the world economy and international trade .

  5. Renminbi - Wikipedia

    en.wikipedia.org/wiki/Renminbi

    The People's Bank of China lowered the renminbi's daily fix to the US dollar by 1.9 per cent to ¥6.2298 on 11 August 2015. The People's Bank of China again lowered the renminbi's daily fix to the US dollar from ¥6.620 to ¥6.6375 after Brexit on 27 June 2016. It had not been this low since December 2010.

  6. Yuan Hits High Against U.S. Dollar as China Bumps Exchange ...

    www.aol.com/news/2010-09-13-china-yuan-hits-high...

    China's currency, the yuan, hit a post-revaluation high against the U.S. dollar Monday after the People's Bank of China set the yuan's reference rate for trading against the dollar at its highest ...

  7. List of Chinese administrative divisions by GDP per capita

    en.wikipedia.org/wiki/List_of_Chinese...

    The article is about China's first-level administrative divisions by their gross domestic product per capita in main years. All figures are given in the national currency, renminbi (CNY), and in USD at nominal values, according to China official exchange rates as well as according to purchasing power parity (PPP).

  8. International use of the U.S. dollar - Wikipedia

    en.wikipedia.org/wiki/International_use_of_the_U...

    The People's Republic of China's renminbi was informally and controversially pegged to the dollar in the mid-1990s at ¥ 8.28/USD. Likewise, Malaysia pegged its ringgit at RM3.8/USD in September 1998, after the financial crisis. On July 21, 2005, both countries removed their pegs and adopted managed floats against a basket of currencies.

  9. Dedollarisation - Wikipedia

    en.wikipedia.org/wiki/Dedollarisation

    Since 2011, China is gradually shifting from trade in US dollar and in favour of Chinese yuan, [20] and in March 2018, China started buying oil in gold-backed yuan. [21] In March 2022, multiple reports claimed that Saudi Arabia was in talks with China about trading Saudi oil and gas to China in Chinese yuan instead of dollars. [22] [23]