The Reserve Bank of Zimbabwe is still negotiating with its Chinese counterpart for a deal for the southern African country without its own currency to settle payments using the Chinese yuan as an alternative to the American greenback. 379 more words
Tags » Yuan
China’s Central Bank (The People’s Bank of China) has intervened in the market once again and the result is a volatility scowl.
(Bloomberg) — China’s foreign-exchange reserves shrank to the smallest since 2012, indicating that the central bank sold dollars as the yuan’s retreat to a five-year low exacerbated depreciation pressure. 693 more words