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  2. 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 .

  3. Cross-Border Interbank Payment System - Wikipedia

    en.wikipedia.org/wiki/Cross-Border_Interbank...

    CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s currency. In 2022, CIPS processed around 96.7 trillion yuan ($14.03 trillion), with about 1427 financial institutions in 109 countries and regions having connected to the system. [1] [2]

  4. Template:Most traded currencies - Wikipedia

    en.wikipedia.org/wiki/Template:Most_traded...

    Currency distribution of global foreign exchange market turnover [1. Currency ISO 4217 code Symbol or ... GBP £ 12.8%: 12.9%: 0.1pp Renminbi: CNY

  5. Currency pair - Wikipedia

    en.wikipedia.org/wiki/Currency_pair

    A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.

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

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

    A mutiny is taking place in the global currency market, with a growing number of countries ditching the U.S. dollar in favor of China’s yuan — at least, that’s the rumor going around.

  7. Renminbi currency value - Wikipedia

    en.wikipedia.org/wiki/Renminbi_currency_value

    Renminbi currency value is a debate affecting the Chinese currency unit, the renminbi (Chinese: 人民币 Code:CNY). The renminbi is classified as a fixed exchange rate currency "with reference to a basket of currencies ", [ 1 ] which has drawn attention from nations which have freely floated currencies and has become a source of trade friction ...

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