Is China pushing for an universal currency?
China recently announced pilot programmes for its digital currency in three regions...
Tag : yuan
Coronavirus epidemic could speed up the launch of digital yuan
Government has seized and quarantined old paper notes to prevent the spread of virus...
Trade war: Yuan drops to lowest in more than 11 years
In the onshore market, yuan dropped to 7.1500 pegged against the US dollar, the weakest since February 2008...
China central bank renews its support of Yuan amid dispute
The country is stepping up its efforts to stem the yuan’s rapid depreciation in a policy shift intended to fend off US criticism of Beijings weakening of its currency in the ongoing trade dispute...
Did China just float the yuan?
Sort of… People’s Bank of China announced a significant liberalisation of the yuan’s exchange rate regime John J Hardy August 14, 2015: The People’s Bank of China devalued the Chinese yuan overnight by almost 2% and announced a significant liberalisation of the yuan’s exchange rate regime, a move that has roiled currency and asset markets...