RMB Depreciated 578 Basis Points against USD Since This Yr

While the trend of gradual internationalisation of the Chinese yuan (CNY) is gradually ongoing, according to a recent speech at the Renminbi (RMB) Internationalisation Roundtable in Sydney by the 's Deputy Governor Philip Lowe, the central bank of ...

Industrial and Commercial Bank of China (NZ) Limited signed a strategic cooperation agreement on renminbi business with four local banks in New Zealand to jointly carry out cross-border renminbi business on July 21. The four local banks are ANZ New ...

and is promoting the wider global use of its currency, the renminbi (RMB). This could present opportunities for other countries, including Qatar, to benefit. China is already the largest exporting nation and the liberalization of the exchange ...

BEIJING, July 21 (UPI) -- Chinese currency, the renminbi, is poised to become the world's third-most used currency in the world, a report said. The report, released Sunday by Beijing's Renmin University, said the renminbi, of which the yuan is an ...

From K J M Varma Beijing, Jul 21 (PTI) China renminbi (RMB) is on track to become the third-largest international currency behind the US dollar and the euro within five years as the eastern nation accelerates promotion of its unit, says a study. ...

The Chinese currency Renminbi (RMB) Yuan will become the world's 3rd largest currency after the USD, and EUR by 2020. A report by the International Monetary Institute of Renmin University of China and the Bank of Communications (HK:3328), published ...

Peter Sands, CEO of Standard Chartered, expects the growing presence of China's renminbi (RMB) in world markets to greatly affect the global financial system. Sands, who attended the Business 20 meetings in Sydney, points out that the RMB has jumped ...

BEIJING, July 17 (Xinhua) -- The value of cross-border trade via the Chinese currency renminbi (RMB), or yuan, totaled 3.27 trillion yuan (531.15 billion U.S. dollars) in the first half of 2014, up 1.22 trillion yuan year on year, latest data from ...

A 640-billion-yuan ($103 billion) quota under China's renminbi Qualified Foreign Institutional Investor system has been granted to six countries and regions, according to China Securities Regulatory Commission on Friday. China gave Germany and ...