Tag: yuan
Hong Kong is preparing to launch a stablecoin indexed to the Chinese Yuan!
© Reuters. Hong Kong is preparing to launch a stablecoin indexed to the Chinese Yuan! The Hong Kong General Chamber of Commerce (HKGCC) has submitted proposals to the local government…
China takes advantage of Western sanctions to push the use of the yuan
Brazilian President Luiz Inacio Lula da Silva, Chinese President Xi Jinping, South African President Cyril Ramaphosa, Indian Prime Minister Narendra Modi and Russian Foreign Minister Sergei Lavrov at the BRICS…
The yuan stabilizes, the dollar falls
The yuan stabilized against the dollar on Monday after a cut in a benchmark interest rate from the Chinese Central Bank, although the measure was deemed insufficient by the market.…
The yuan falters against the dollar despite a rate cut
The yuan lost ground against the dollar on Monday despite a cut in a benchmark interest rate from China’s central bank, as the move was deemed insufficient by the market…
The Beauval Zoo panda, Yuan Meng, leaving for China
“He just has to keep living his good life. It is inevitably a moment of emotion, but all our animals born here are brought to leave one day. We’re used…
China takes another step in the internationalization of the yuan
Published on 06/16/2023 at 3:40 p.m. by Samuel Shen and Georgina Lee SHANGHAI, June 16 (Reuters) – The internationalization of the yuan will…
While Bitcoin is banned, China distributes digital yuan by the millions
Adoption not yet sufficient in China – While the Bitcoin is prohibited in the country of the Middle Kingdom, the digital yuan (e-CNY), he has a very different destiny. We…
The digital yuan is (so far) a failure: a bad omen for the digital euro?
Samir Rahmoun December 30, 2022 at 10:05 a.m. 6 © Millenius / Shutterstock In circulation for two years now, the digital yuan is currently a failure in China. According to…
“Xi Jinping has signed the death warrant for the internationalization of the yuan”
Ln November 24, the day the fire took place in Urumqi which provoked a wave of protests against zero Covid measures, the People’s Bank of China (PBC) published its “RMB…
Offshore yuan added to Tether’s stablecoin supply on the Tron blockchain
Source: Adobe/Jim Tether, the company behind the market’s largest stablecoin, USDT, has expanded its offerings to include the offshore yuan-denominated (CNH₮) stablecoin on the Tron blockchain. This initiative will allow…
The onshore yuan hits a near 15-year low against the dollar
The onshore yuan hit a near 15-year low against the dollar on Tuesday, amid investor concern over the reappointment of President Xi Jinping to a historic third term as head…
The yuan hits its lowest level against the dollar
Published on 10/19/2022 at 2:45 p.m. LONDON (Reuters) – The Chinese yuan in the offshore market fell to its lowest level against the…