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  2. List of renminbi exchange rates - Wikipedia

    en.wikipedia.org/.../List_of_renminbi_exchange_rates

    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. Yuan (currency) - Wikipedia

    en.wikipedia.org/wiki/Yuan_(currency)

    As the People's Liberation Army took control of most of China, they introduced a new currency, in banknote form only, denominated in yuan. This became the sole currency of mainland China at the end of the civil war. A new yuan was introduced in 1955 at a rate of 10,000 old yuan = 1 new yuan, known as the renminbi yuan.

  4. Renminbi - Wikipedia

    en.wikipedia.org/wiki/Renminbi

    A floating exchange rate regime and convertibility for renminbi were seen as the ultimate goal of the reform. Conditional convertibility under current account was achieved by allowing firms to surrender their foreign exchange earning from current account transactions and purchase foreign exchange as needed.

  5. Renminbi currency value - Wikipedia

    en.wikipedia.org/wiki/Renminbi_currency_value

    The renminbi now floats within a small margin compared to a basket of currencies selected by the Chinese government. [8] 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]

  6. Exclusive-Chinese authorities are considering a weaker yuan ...

    www.aol.com/exclusive-chinese-authorities...

    The central bank has in the past contained volatility and disorderly moves in the yuan through its daily guidance rate to markets and through state banks’ buying and selling of the currency. The ...

  7. List of circulating fixed exchange rate currencies - Wikipedia

    en.wikipedia.org/wiki/List_of_circulating_fixed...

    Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79

  8. Dollar slips, stocks flat ahead of neck-and-neck US election

    www.aol.com/news/markets-brace-us-election...

    It also tracked down 0.6% against the Japanese yen to 152.11 and 0.5% against China's yuan in the onshore market. ... Markets are leaning towards a 25-basis-point Fed rate cut. "Based on current ...

  9. Economy of China - Wikipedia

    en.wikipedia.org/wiki/Economy_of_China

    USD/CNY exchange rate 1981–2022. The renminbi ("people's currency") is the currency of China, denominated as the yuan, subdivided into 10 jiao or 100 fen. The renminbi is issued by the People's Bank of China, the monetary authority of China. The ISO 4217 abbreviation is CNY, although also commonly abbreviated as "RMB". As of 2005, the yuan ...