Tags » RMB

To farm or not to farm? That is the real question.

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

China

“The G-20 Financial Massacre”, Instability In Major Currency Markets?

By Bill Holter

Very “quietly” the world’s 20 largest economies will meet in Brisbane, Australia later this coming week. I use the word “quietly” because here in the U.S. 1,252 more words

Emerging Markets

Chinese yuan penetrates African markets

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

Economy

RMB to become world's 3rd largest in middle term

RMB to become world’s

3rd largest in middle term

By 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

Business

拉尼.亚卡斯(Rani Jarkas):人民币的过去与未来

中国近年来一直致力于推进人民币国际化。根据环球银行金融电信协会(SWIFT的报告指出,人民币在2013年已成为世界上交易量最大的货币之一,位列交易量排行榜第八位。

2007年7月,中国国家开发银行首次发行了总值6.57亿美元的点心债券。 到2010年7月,仅中国及香港的银行获准发行以人民币计价的债券。而现在,所有的银行都可发行。

2013年10月9日,中欧开启本币互换,人民币国际化跨重要一步。中国人民银行欧洲中央银行(ECB签署了规模为3,500亿元人民币/450亿欧元的中欧双边本币互换协议

英国央行于2013年6月与中国达成了一项英镑与人民币之间的货币互换额度协定,额度上限为人民币2000亿元,成为第一个和中国签订双边本币互换协议的G7成员国 9 more words

Rani Jarkas

Rani Jarkas: History and Future of the Renminbi

Since the late-2000s, China has sought to internationalize its official currency, the Renminbi (RMB). As of 2013, the RMB is the 8th most traded currency in the world… 267 more words

Rani Jarkas