The National Bank of Kazakhstan eyes converting reserves to Chinese Yuan The National Bank of Kazakhstan is not ruling out converting part of its foreign reserves to Chinese Yuan if it becomes an Internationally recognized reserve currency, the bank CEO said Tuesday. “To be part of our foreign reserves the yuan must be recognized internationally [...]

China’s Yuan hits new high vs. the USD The Chinese currency (RMB), or the Yuan, rose to a new high of 6.585 vs. the USD Wednesday, according to the China Foreign Exchange Trading System. The central parity rate of the RMB, or the yuan, was 10 basis points higher than the previous record of 6.586 [...]

China’s Yuan rises 2 basis points to new high of 6.5883 per USD The Chinese currency, Renminbi (RMB), Thursday rose 2 basis points from previous trading day to a record high of 6.5883 vs the USD, according to the China Foreign Exchange Trading System. The central parity rate of RMB, or the Yuan, was 2 [...]

The Chinese Yuan strengthened to a record high against the USD Wednesday to reach 6.6128 per Dollar. The central parity rate of the Chinese currency, also known as the renminbi (RMB), was set 88 basis points lower than Tuesday’s 6.6216, according to the China Foreign Exchange Trading System. China’s central bank announced on June 19, [...]

Report from the 7th China-ASEAN Expo Aided by the Zero-Tariff framework under the CAFTA established on January 1, the annual event attracted more than 2,000 enterprises from home and abroad this year, occupying up to 4,600 exhibition booths, a 15% increase from last year. Li Dongrong, assistant governor of the People’s Bank of China, the [...]