Well hello, long time no write, but now I am getting kinda of inspiration or a tingly feeling some might call it. We have a lot of changes coming our way in a very near future and today was an important “D” for decision day. 479 more words
Tags » RMB
Source: Africa Renewal, by Tonderayi Mukeredzi
Could it be the next global reserve currency?
In March this year Zimbabwe joined a growing list of countries in Africa and the world using the Chinese currency, yuan, also known as remnibi (RMB), as one of its official currencies after its central bank added the RMB, the Japanese yen, the Australia dollar and the Indian rupee to the existing basket of currencies. 824 more words
RMB to become world’s
3rd largest in middle termBy Wu Xintao
China’s currency renminbi, or the RMB, is expected to become the world’s third largest currency in the middle term under an optimistic scenario, the International Monetary Institute (IMI) under Renmin University of China (RUC) said on Tuesday of October 14. 243 more words