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Zimbabwe: No agreement on Yuan use yet, central bank

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

Economy

China Foreign-Exchange Reserves Drop as PBOC Supports Yuan (China's Volatility Scowl)

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

'worldbank

Lunar New Year 2016 Reunion Dinner Part 1

Reunion Dinner with the 袁 family! A very happy lou hei and a hearty steamboat dinner! Wishing everyone a Happy & Prosperous Lunar New Year! 14 more words