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#Chinese yuan
annarexcouture · 4 months
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¥466.09
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Japan and China are back in the forefront of the currency wars
We find ourselves starting the week by looking East again and in one clear context economics 101 might be struggling with this as a response to the interest-rate rise in Japan. But the first rise in Japanese borrowing costs in 17 years — coming at a time when other major central banks are contemplating rate cuts — has the potential to fundamentally change the yen’s role in financial markets, said…
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pasquines · 7 months
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chochagurltv · 7 months
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Will the Chinese Yuan take over the US Dollar?
As of my last knowledge update in September 2021, the Chinese Yuan (also known as the Renminbi, abbreviated as RMB) was not poised to overtake the US dollar as the world's primary reserve currency. However, the dynamics of global currencies and economic shifts are complex and subject to change.
Several factors would need to align for the Chinese Yuan to potentially challenge the US dollar's dominant position:
Economic Size and Stability: The United States has the largest and most stable economy globally, which has historically been a crucial factor in the dominance of the US dollar. China has seen remarkable economic growth, but it still faces challenges related to financial openness, debt, and currency convertibility.
Currency Convertibility: The Yuan has been subject to capital controls, which means that it has not been fully convertible like the US dollar. China has been gradually relaxing these controls, but complete convertibility is a significant step toward internationalizing a currency.
Market Reforms: China has been making efforts to internationalize its currency by expanding its use in trade agreements and investment. Initiatives like the Belt and Road Initiative have contributed to the increased use of the Yuan in international trade.
Trust and Confidence: The US dollar is considered a stable and trustworthy currency. For the Yuan to challenge the dollar, it would need to build similar levels of trust and confidence among central banks, financial institutions, and businesses worldwide.
Geopolitical Factors: Geopolitical considerations also play a significant role in the use of a currency. The US dollar's status is influenced by the United States' role in global politics and its alliances. China's geopolitical influence is growing, but it faces challenges in achieving the same level of influence.
Financial Infrastructure: The US dollar benefits from a well-developed global financial infrastructure, including the largest and most liquid financial markets. China has been working to improve its financial infrastructure to compete at a global level.
It's important to note that the internationalization of a currency is a long and complex process. While the Chinese Yuan has made strides in becoming more globally prominent, it still has a way to go before it could potentially challenge the US dollar's position as the world's primary reserve currency.
Lastly, the future evolution of global currencies will depend on a variety of economic, political, and financial factors, and it's challenging to predict with certainty. It's advisable to consult up-to-date sources and experts in the field for the most current insights into this matter.
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faultfalha · 9 months
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In the high Andes, the Bolivian Central Bank has announced that it will start using Chinese yuan for international settlements. This is a momentous event, as it will allow Bolivia to bypass the United States dollar and use a currency that is more in line with its growing economic ties to China. It is yet to be seen how this will play out in the global financial markets, but one thing is for sure: the yuan is on the rise.
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globcoffsblog · 9 months
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digitalguap · 10 months
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The Unrevealed Reality: Russia's Resilient War Economy
Welcome to our blog post delving into the intriguing realm of Russia’s resilient war economy. Unveiling the untold story behind the financial backbone of a nation’s ability to weather the storm of conflicts, we explore the hidden facets that have shielded Russia from the turbulence of war. Join us as we unravel the mysteries, shed light on the strategies, and uncover the secret resilience that…
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liberty1776 · 1 year
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The Yuan woln;t kill the dollar.
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yaadfinance · 1 year
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The first-ever cross-border yuan settlement transaction for LNG has been successfully executed by China.
China’s first purchase of liquefied natural gas (LNG) using cross-border yuan settlement was completed on Tuesday, signaling an increasing acceptance of the yuan in the international market. The purchase was made by China National Offshore Oil Corporation (CNOOC), the largest offshore oil and gas producer in China, from TotalEnergies through the Shanghai Petroleum and Natural Gas Exchange…
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itzitxou · 4 months
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Smooches for shizun 💞
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marzennya · 22 days
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Notification: The peerless jade fairy of Cang Qiong's Mountain Sect is smiling! Looks like he's easily amused by his disciples' antics...!!! What a surprise!!! +300 Overwhelming Beauty Points!
Ok now for my silly little notes in fashion and other nonsense about this piece:
This is specifically Shen Yuan during the pre-abyss arc, mostly because I have a very, very different interpretation of him when he's already married to Binghe- Empress Shen is a whole other, much more decked out beast I will one day tackle.
His clothes are based on late Qin to early Han dynasty clothes for women, mostly because I can, and it seemed perfect for him; it's completely covered, and thus respectable and elegant! Nothing wrong to see here. It's also tight-er around the legs, which leaves things to the imagination...half of the mountain is definitely thinking about his long, slender, lily-white legs at any given time.
Is it technically crossdressing? Yeah, but it is a shitty Xia-Xia world, who's gonna stop me? Airplane? That guy would be on my side, actually.
The see-through outer robe is a flex, look at all that expensive fabric...just hanging off of him...a rich kid in one life a rich kid in all of them.
Binghe does his hair because he's terrible at it and can only do half-updo's or ponytails, he's too distracted by the mere thought of touching Shizun's hair to stop and think why Shen Qingqiu can't do it all of a sudden thankfully.
The hair, on a more serious note, is a bit more realistic to ancient-Chinese hair than an actual half-updo. Though it is more similar to late Han or Tang dynasties hairstyles than anything. Again, shitty Xia-Xia, don't play with me.
There's a little turtle in his fan because I think he'd be like awn that's so cute and either Liu Qingge or Yue QingYuan would be immediately like. I'll buy it!!! He acquires many-a-thing by simply looking cute and staring at it until one of them gets it for him I'm sure.
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notayesmanseconomics · 4 months
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Financial markets in China are being affected by the ongoing property crisis
This morning the economic news and agenda is being set by events in China. We can start with this. Chinese stock collapse accelerating. SHENZHEN COMPONENT INDEX FELL MORE THAN 3% CHINEXT INDEX FELL 2.4% SHANGHAI COMPOSITE INDEX FELL 2.7% ( CN Wire) So a rough start to the week and it feels even worse in Hong Kong. Another day, another dip for the Hang Seng Index, down 2.3% today. It’s plunged…
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leprivatebanker · 2 years
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The Chinese Yuan fell by about 0.4% against the dollar tradse around 7.18CNH in the European trading session.
The Chinese Yuan fell by about 0.4% against the dollar tradse around 7.18CNH in the European trading session.
The Chinese Yuan fell by about 0.4% against the dollar tradse around 7.18CNH in the European trading session. Yuan pressured by the recent US restrictions on China’s access to US semiconductor technology. Fears that rising Virus cases might lead to lockdowns. Central Bank asking state-owned banks to support currency and introducing various measures to discourage currency speculation. President…
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lgbtlunaverse · 7 months
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the wangxian + a-yuan "dads with an adopted son" thing is fine and enjoyable in fanfics honestly but I think we as a fandom are really not utilizing the idea of all of them in unconventional familial structures enough. Like, canonically it wasn't so much that wwx was a-yuan's guardian as that a-yuan was being raised collectively by the wens and wwx was adopted INTO the larger wen family. And lwj got attached to him through that. A-yuan just has these very attached weird uncles/older cousin figures that aren't related to him by blood at all but keep sticking around.
Just think of a modern AU with a lot less death where lwj does as he does in canon and keeps showering a-yuan in gifts as much as he can and when wwx is like "aiyah lan zhan you're gonna spoil him. Not everyone is as rich as you! What's his family supposed to say if they can't buy him all the stuff you do?" lwj just goes "Hm". And from then on out every year once a-yuan's birthday is near the extended Wen family members (well. the ones that are invited that is. No one wants wen chao at a birthday party) wakes up to a wechat payment from lwj.
Random wen cousin number 6 texts granny like
cousin 6: i just got 400 yuan????
granny: oh that's just wangji
cousin 6: i've never met this guy in my life???
granny: he wants you to buy a-yuan a nice birthday present!
cousin 6: how does he know my bank account???
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indizombie · 2 years
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The yuan's slide is yet another example of a currency weakening as a result of the strong dollar. It is also about the very different paths China and the United States are taking in response to economic issues at home. The PBOC has been easing interest rates to revive growth in an economy ravaged by Covid lockdowns, while the US Federal Reserve is moving aggressively in the opposite direction as it tries to control inflation. Such a divergence is not wholly problematic, Joseph Capurso, head of international and sustainable economics at the Commonwealth Bank of Australia said. The fall in the currency's value can actually be helpful for exporters within China, he said, because it would make their goods cheaper and so could increase demand. That said, exports only make up 20% of the Chinese economy these days, so a weak yuan will not turn around fundamental weakness domestically largely caused by Beijing's zero-Covid strategy and a property crisis, said Mr Capurso. A weaker currency can also lead to investors pulling their money out of the country and uncertainty in financial markets - something Chinese officials will want to avoid with the Communist Party Congress coming up next month, when its president Xi Jinping is expected to secure an unprecedented third term in office.
‘Chinese yuan: Currency hits record lows against US dollar’, BBC
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FX: Naira Weakens Against Chinese Yuan
FX: Naira Weakens Against Chinese Yuan
FX: Naira Weakens Against Chinese Yuan In the foreign exchange market, the Nigerian naira weakens 0.40% against the Chinese Yuan to N61.60, according to data from the Central Bank of Nigeria (CBN) cited by market analysts. The Nigerian local currency has continued to be clouded by the relative strength of its pair trading currencies. In its market note, Coronation Research hints that the…
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