How will China’s currency fare in the coming years?

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By FocusEconomics From currency peg to currency band: Until 2005, China’s renminbi was pegged at CNY 8.3 per USD. From that moment on the government shifted to a managed float, allowing the currency to move within 2 percent of a daily rate set by China’s central bank, the PBOC. This change led the renminbi to depreciate by […]

How will China’s currency fare in the coming years?

caribbeannewsglobal.com - 15/Oct 02:40

By FocusEconomics From currency peg to currency band: Until 2005, China’s renminbi was pegged at CNY 8.3 per USD. From that moment on the...

De-dollarization: Not So Fast—What it Means for Africa

businessjournalng.com - 13/Oct 11:32

Aboubakr Barry, CFA Managing Director Results Associates Bethesda, MD Why Must Global Trade Rely on the Dollar? In April 2023, Brazil’s...

De-Dollarisation To Multi-Currency System Will Be Gradual: Report

zeenews.india.com - 14/Oct 18:52

China is advancing renminbi internationalisation by enhancing financial integration regionally, expanding currency swap agreements, promoting...

De-Dollarisation To Multi-Currency System Will Be Gradual: Report

zeenews.india.com - 14/Oct 18:52

China is advancing renminbi internationalisation by enhancing financial integration regionally, expanding currency swap agreements, promoting...

Central Bank cuts Repo rate to boost sluggish economy

economist.com.na - 15/Oct 09:51

The Monetary Policy Committee (MPC) has decided to reduce the Repo rate by 25 basis points to6.50%, signaling a move to stimulate the economy while...