SHANGHAI: Chinese Yuan becomes the most-used currency in cross-border transactions leaving behind the US dollar, according to official data. According to a Reuters report, in March, the Chinese yuan became
The Chinese yuan reversed earlier declines and jumped toward its highs of the day following a report by Dow Jones that Saudi Arabia is in active talks with Beijing to
Beijing, 4th May: China is set to start the major trial of its first state-run digital currency in four major cities from next week. According to the report of Baaghi
Lahore, 5th April: The IMF has officially green-lighted the acceptance of China’s currency – the Yuan – into the IMF’s foreign exchange basket. According to Reuters, this move paves the
BEIJING, Nov 4 (XINHUA/APP): China's yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS). The CFETS yuan exchange rate composite index,
BEIJING, Sep 30 (XINHUA/APP):China's central bank skipped reverse repos for a second day in a row on Monday, citing abundant liquidity on the market. The overall liquidity in the banking
Beijing, Sep 26 (Xinhua/APP):China's central bank drained 100 billion yuan (about 14.1 billion U.S. dollars) from the financial system on Thursday, with more reverse repos maturing than conducted. The People's
GUIYANG, Sep 19 (XINHUA/APP):A total of 20 billion yuan (about 2.82 billion U.S. dollars) will be invested in 5G construction from 2019 to 2022 in southwest China's Guizhou Province, the
Shanghai, Aug 7 (AFP/APP):China's currency weakened further against the dollar as the central bank lowered the yuan's daily reference rate again amid a deepening currency row between Beijing and Washington.