Search results “Rmb exchange rates history”
China’s exchange rate policy over the past decade
Ben Bernanke explains the recent changes in China’s exchange rate and economic policy and why they are positive for the country’s economy. https://www.brookings.edu/events/gaining-currency-the-rise-of-the-renminbi/ On September 23, the Global Economy and Development program at Brookings hosted the launch of “Gaining Currency: The Rise of the Renminbi,” featuring the book’s author, Brookings senior fellow Eswar Prasad. Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Views: 1608 Brookings Institution
Yuan exchange rate reforms to hit speculators
China loosened its grip on the yuan-to-dollar exchange rate last Saturday, widening its daily trading band to two percent from one. The change went into effect on Monday. Analysts said the move will not only discourage speculation, but also hasten the internationalization process for the yuan.
Views: 234 New China TV
How to Add Real Time Currency Converter in Excel Sheet (Calculate Currency & Update)
Add and Calculate All Currencies in Real time in Excel Sheet also update currency.. Click here for more detail... http://www.bsocialshine.com/2016/04/how-to-add-real-time-currency-converter.html Euro, dinar, US dollar, taka, rupees, franc, real, peso, pound, rupiah, rial, yen, shilling, dirham, rupee, riyal, rubie, Saudi riyal, rand, won, lira,
Views: 132862 MJ Tube
How Does China Manipulate Its Currency?
» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe With about $400 billion in debt and a broken economy, Greece is in trouble. But, how did Greece end up with such a high debt, and who do they owe money to? Learn More: Greece's Debt Due: What Greece Owes When http://graphics.wsj.com/greece-debt-timeline/ "Greece is negotiating with its eurozone creditors to get more aid before the indebted government runs out of cash." Explaining the Greek Debt Crisis http://www.nytimes.com/2015/04/09/business/international/explaining-the-greek-debt-crisis.html "Greece, the weak link in the eurozone, is struggling to pay its debt as its people and its creditors grow more restive." Greek debts: what does it owe? When will the money run out? http://www.theguardian.com/business/2015/apr/24/greek-debts-what-does-it-owe-when-will-the-money-run-out "Crunch talks between Greece and its eurozone creditors are under way, but investors are growing increasingly sceptical that the country can reach an agreement on reforms and unlock the aid it needs from international lenders to avoid a debt default." Greek debt crisis: Who has most to lose? http://money.cnn.com/2015/01/28/investing/greek-debt-who-has-most-to-lose/ "Greece and its international lenders have embarked on a battle over the country's staggering debt." Watch More: What Happens If A Country Goes Bankrupt? https://www.youtube.com/watch?v=3PZDLG-rtGs&list=UUgRvm1yLFoaQKhmaTqXk9SA _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld Special thanks to Lissette Padilla for hosting TestTube! Check Lissette out on Twitter:https://twitter.com/lizzette
Views: 281029 NowThis World
The Dollar-Yuan Exchange Rate is a Very Poor Trade Candidate for Trade Wars
Talking Points: • Trade wars are a critical fundamental theme that will likely motivate much of the volatility and momentum in the near future • While it is essential to account for this global stand off - and even take advantage - the Dollar-Yuan is a poor outlet • Being so close to the heart of trade wars, a conduit for remarkably uncertainty and presumed intervention makes USDCNH a risk See how retail traders are positioning in USDJPY, other FX crosses, indices, gold and oil intraday using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)
Views: 1368 DailyFX
Pegging the yuan | Money, banking and central banks  | Finance & Capital Markets | Khan Academy
How the Chinese Central Bank could peg the Yuan to the dollar by printing Yuan and buying dollars (building up a dollar reserve). Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/currency-tutorial/v/chinese-central-bank-buying-treasuries?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/currency-tutorial/v/currency-effect-on-trade-review?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This tutorial walks through how China's undervaluing of its currency impacts trade and prices (which also fuels cheap borrowing for the U.S.). About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 110672 Khan Academy
Bank Of England Boss: China's Renminbi Will Rival The Dollar As Global Reserve Currency
The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback. Learn More: https://www.zerohedge.com/news/2019-01-09/bank-england-boss-chinas-renminbi-will-rival-dollar-global-reserve-currency Your Support of Independent Media Is Appreciated: https://www.paypal.me/dahboo7 Bitcoin- 1Nmcbook8TwAdtZHsMdVxRtjBnyrSArDH5 Bitcoin Cash- qzjvcvkfhzffcgc89mcnvuka0lljjuu4dvalrafmj0 www.undergroundworldnews.com https://www.minds.com/DAHBOO7 My Other Youtube Channel- https://www.youtube.com/Dahboo777 https://twitter.com/dahboo7 https://vid.me/DAHBOO7 https://www.facebook.com/DAHBOO7 https://www.instagram.com/dahboo7/
Views: 9228 DAHBOO777
Will China's Currency Dominate the US Dollar? | China Uncensored
Could China's yuan rival the US dollar as the next major reserve currency? The IMF has made the Chinese yuan, or renminbi, the only non-democracy to be included in the SDR, or Special Drawing Rights. What does any of that mean?! Watch China Uncensored to find out what this means for the global economy. Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more China Uncensored: http://www.youtube.com/ntdchinauncensored Make sure to share with your friends! ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Google+: https://plus.google.com/+NTDChinaUncensored Instagram: instagram.com/ChinaUncensored ______________________________ MOBILE LINKS: 5 Ways Star Wars is Surprisingly Like China https://www.youtube.com/watch?v=Q49ZGvfGOIU China Sells Killer Drones to the Middle East https://www.youtube.com/watch?v=pDd4or3ckgg
Views: 201438 China Uncensored
Yuan-Niversary: One year since exchange rate reform
It has been a year since the People's Bank of China (PBOC) carried out extensive exchange rate reform, marketizing the yuan’s exchange rate against the dollar. The PBOC now maintains the stability of the yuan against a basket of currencies set by the International Monetary Fund (IMF), fixing the yuan's daily trading midpoint according to the currencies' closing rates on the previous day. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 466 CGTN
Why the fall of China's renminbi matters
The renminbi has fallen to its lowest level against the dollar since December amid escalating trade tensions with the US. The FT's Roger Blitz explains the currency's fall and why it matters – in 90 seconds.
Views: 13428 Financial Times
Historic Announcement: Yuan Now Included in SDR Basket of Currencies...
Editor Note: According to Cobra, the SDR basket of currencies are tied to the Global Currency Reset (GCR). Source: http://theeventchronicle.com SUBSCRIBE & SHARE
Views: 1942 ufoswlg
RMB Exchange Rate to Remain Stable in 2017: Central Bank Governor
The exchange rate of China’s currency the Renminbi (RMB) will remain stable in 2017 along with reform and economic efforts, said People’s Bank of China (PBOC) governor Zhou Xiaochuan, on Friday. Zhou made the remarks at a press conference on the sidelines of the fifth session of the 12th National People's Congress (NPC) when answering a question on what measures the central bank will take in 2017 to stabilize the RMB’s exchange rate, which went through relatively stronger fluctuations last year. The governor first explained why the fluctuations in 2016 were stronger than usual. He attributed the difference to two reasons. First is that in the second half of 2016, China’s foreign investments and overseas spending grew higher than in previous years due to Chinese enterprises’ growing interest in purchasing foreign companies. Secondly, the U.S. dollar grew stronger with a faster-than-expected pace after the election of U.S. President Donald Trump. As for the RMB exchange rate in 2017, Zhou said it will remain stable due to healthier development of the Chinese economy and the progress made in reforms. "We believe that this year, along with the steady and healthier development of the Chinese economy, and the progress of structural reforms on the supply-side, and the work on destocking, deleveraging, overcapacity cut and reducing costs and strengthening weak economic links, as well as the world’s stronger confidence in the Chinese economy, the RMB exchange rate will be automatically granted with a stable developing trend," said Zhou. Meanwhile, the consistency in monetary policies and more elaborated implementation of these policies will also contribute to the stabilization of the RMB exchange rate in 2017, Zhou added. However, the normal fluctuation in the RMB exchange rate cannot be ruled out, as no one can predict what uncertainties and affairs are going to happen, said Zhou. "Of course the foreign exchange market has always been a sensitive market. It will show constant fluctuations with the impact of the affairs happening in the global economy and in China. So nobody can give a precise prediction over what uncertainties will come up in 2017, and what affairs will take place. Therefore, the normal fluctuation in the exchange rate should be regarded as a normalcy. It is a normal situation," he said. http://www.cctvplus.com/news/20170310/8045009.shtml#!language=1 Subscribe us on Youtube: https://www.youtube.com/c/CCTVPlus CCTV+ official website: http://www.cctvplus.com/ LinkedIn: https://www.linkedin.com/company/cctv-news-content Facebook: https://www.facebook.com/NewsContent.CCTVPLUS Twitter: https://twitter.com/CCTV_Plus
Exchange Rates Of The Philippine Peso (PHP)...
For Updated Exchange Rates Of The Peso Click This Link... http://www.businessmediaguide.com/exchange_rates_of_the_peso/ Official exchange rates of Philippines currency PHP... (Information Source: Bangko Sentral ng Pilipinas) 1 USD United States Dollar to Philippine Peso 1 EUR Euro to Philippine Peso 1 JPY Japanese Yen to Philippine Peso 1 CNY Chinese Yuan to Philippine Peso 1 AED United Arab Emirates Dirham to Philippine Peso 1 BRL Brazilian Real to Philippine Peso 1 INR Indian Rupee to Philippine Peso 1 AUD Australian dolar to Philippine Peso 1KRW South Korean won to Philippine Peso BSP exchange rates... Peso rates today... Forex & exchange rates in Manila, Philippines... USD/PHP, EUR/PHP, CNY/PHP, AUD/PHP, AED/PHP, BRL/PHP, INR/PHP, JPY/PHP, KRW/PHP Dollar to Peso forecast... Dollar rate in Central Bank of Philippines ... Mga Rate ng Pagbabago Ng Peso ng Pilipinas... Rate ng Dollar Exchange sa Pilipinas... Peso converter... Mga rate ng palitan ng pera 2019 ... 1 dollar how much peso... 1 euro kung magkano ang piso... Mga rate ng dolyar sa Maynila... Opisyal na rate ng palitan sa Flippin...
China’s RMB joins SDR basket of currencies. Now what?
The Chinese yuan officially became part of the IMF’s basket of currencies on October 1, 2016. CEIBS Professor of Economics and Finance Xu Bin explains the significance of this event for China and the rest of the world.
RMB's Inclusion in SDR Basket "Historic Milestone" for China, Int'l Monetary System: Lagarde
The head of the International Monetary Fund (IMF), Christine Lagarde called the inclusion of Chinese currency, the Renminbi (RMB), into the basket of the Special Drawing Right (SDR) a "historic milestone" for China and the international monetary system. "First of all, it's now considered a freely-usable international currency and this is really a milestone. It's historical for many reasons. First of all, it is the first time that the basket of currencies that determine the value of the SDR is expanded. In the past it has been reduced. (This is the) first time it is expanded. It's the first time that we admit a new currency since the Euro. I think it is critically important for China and for the international monetary system as well. It's part and parcel of the most important currencies in the world. That's really what it means first of all. Second, it's included in that very exclusive club that define the special drawing right," said Lagarde in an interview immediately after Friday's announcement of the RMB's inclusion into the SDR basket. Lagarde said the RMB's inclusion into the SDR basket is necessary for global economic and financial development, and she praised China's efforts on pushing forward the internationalization of the RMB. "We are very proud to have walked that journey with the Chinese authorities, particularly with the People's Bank of China(PBC), which has been extremely active, I can assure you, in the last couple of years to make sure that the RMB was properly included, that all the reforms concerning the financial markets in particular and the supervision had taken place. We are gratified for all this work that was put into it," said Lagarde. Lagarde said the inclusion of the RMB into the SDR basket will bring many benefits to the world. "Well, first of all, it's a currency that actually denominates the value of various bonds, various portfolios. It's a currency that is regarded as exchangeable between central banks and which is acknowledged by the BIS (Bank for International Settlements). So it's really a value of reference. The fact that the RMB is now included and that we have five currencies in the basket, it's very helpful in order to spread risks, in order to manage the risk, in order to hedge against the risk. You know we don't need too much risk. We would rather have stability and predictability which I think will be helped by having a broader and more solid basket of currencies," said Lagarde. The SDR is an international reserve asset that was created by the IMF in 1969 to supplement its member countries' official reserves. It can be exchanged among governments for freely usable currencies in times of need. Last November, the IMF decided to include the RMB in the SDR basket as a fifth currency, which will come into effect on Oct. 1, 2016. More on: http://www.cctvplus.com/news/20161001/8033350.shtml#!language=1 Subscribe us on Youtube: https://www.youtube.com/c/CCTVPlus CCTV+ official website: http://www.cctvplus.com/ LinkedIn: https://www.linkedin.com/company/cctv-news-content Facebook: https://www.facebook.com/NewsContent.CCTVPLUS Twitter: https://twitter.com/CCTV_Plus
China's RMB Exchange Rate With Dollar Rises, But Devalues Internally
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Chinese people are mocking rising exchange rate prices for the Renminbi, despite it having devalued inside China. One young man was interviewed by China's Central Television (CCTV) during the Third Plenary Session of the Chinese Communist Party (CCP). He highlighted that this is the issue of "most concerns for reforms". Analysts say that the RMB has been repeatedly devalued in China. However, the exchange rate against the dollar has continued to rise. The result is that the Chinese people can't afford to live, and foreign companies are constantly complaining. On November 12, the four-day party meeting came to a close. Prior to this, a CCTV reporter interviewed Chinese people on the street, with many responding that they didn't know what the Third Plenary Session was about. Instead, people complained about increasing house prices, and expensive medical care. One man said that the "RMB is in a sorry state for the Chinese people." Hua Po, current affairs commentator: "RMB has repeatedly depreciated, but the price of goods has risen. The exchange rate for the RMB against the dollar has continually risen. For ordinary Chinese people, prices are higher, but their incomes can't pay their bills. Thus, they complain everyday about the high prices." Hua Po says that foreign trade companies are also complaining. Because RMB exchange rates are constantly rising, their export competition has been deeply weakened. Who is benefiting from this situation? Hua Po: "The privileged groups within the CCP can benefit. This is because they can push the prices very high inside China, and thus make the RMB devalue. Once they acquire devalued RMB, they can exchange it to dollars at a good rate, and then transfer it abroad. This system has become very profitable." Chinese state media reported that 'Grandma Li' went to buy rice in a market. She found the price went up to 6.6 yuan per kilogram, and could remember that it was 3.8 yuan per kilogram in 2005. Lan Jiping, Professor at Capital University of Economics and Business in Beijing, also took rice as an example. Lan calculates the value for 1000 yuan, which is equivalent to 576 yuan in 2005. It means that 1000 yuan has lost value by 424 yuan within eight years. Money Weekly reported that cloth was worth a few dozen yuan in the past. It is now selling for over a thousand yuan. Property prices have risen from several thousand yuan per square meter to between 30,000 to 40,000 yuan. Taking these cases as examples indicates that RMB has devalued by 500% within eight years. Gong Shengli, researcher, China Financial Intelligence Unit:"Chinese people's income hasn't increased accordingly. Who should pay them money? Civilians have to pay more, but they don't get the income they need to do so." Hong Kong's Oriental Daily describes that China is the worlds largest bank note printing country. At the end of 2012, China's money supply reached 97.4 trillion yuan. This is nearly taking up 25% of the global total, and is 1.5 times greater than the US. The report says that the madness of printing money is equivalent to simply ripping off it's civilians. Zhu Xinxin, former editor, Hebei People's Radio Station:"The CCP uses different ways to plunder from its citizens, some of which are visible, the others invisible. There are so many different taxes and fees, which civilians become heavily burdened by." Zhu Xinxin suggests that large amounts of bank notes have been printed, resulting in the rich becoming richer, and the poor becoming poorer. Rich people are using financial leverage to increase their wealth, and poor people are finding it difficult to survive. Zhu Xinxin: "CCP propaganda of China as a prosperous nation is an entirely illusory image. The truth is one of rich officials and poor civilians. Actually, the privilege group of CCP officials have seized the national assets in their hands." Sources indicate that 0.4% of the Chinese people have seized 70% of China's wealth. The high-level CCP, and the families of officials and princeling covert both the money and land. They launder the money, and their assets have reached thousands of billions of yuan. Sources say that PetroChina, China Mobil, Industrial and Commercial Bank, and other major state-run companies' were listed on the US stock market. US The state-run People's Tribune newspaper has reported that in 2009, relevant organs announced the 3,000 richest Chinese families. These families' wealth has a net worth of 1.69 trillion yuan. The article admitted that two out of three resources of the richest families are "red families and red businessmen." 《神韵》2013世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 819 ChinaForbiddenNews
China's yuan joins U.S. dollar, pound, yen, euro as reserve currency
IMF, 中위안 SDR 바스켓 편입 발표…라가르드 "역사적 이정표" China's yuan has officially joined the elite club of reserve currencies,... marking a milestone for the Chinese government's campaign for recognition as a global economic power. The yuan on Saturday joined the U.S. dollar, the euro, the yen and British pound in the IMF's so-called "special drawing rights" or SDR basket, which determines currencies that countries can receive as part of IMF loans. The People's Bank of China hailed the inclusion,... saying it's an affirmation of the success of China's economic development and results of the reform and opening up of the financial sector. The bank added that China will use the opportunity to further deepen economic reforms and open up the sector to promote global growth. The IMF announced last year that it would add the yuan to the SDR basket, so the inclusion is not expected to shake up financial markets. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 1314 ARIRANG NEWS
Free Renminbi Exchange Rate versus the Dollar
http://www.theforexnittygritty.com/forex/free-renminbi-exchange-rate-versus-the-dollar Free Renminbi Exchange Rate versus the Dollar By www.TheForexNittyGritty.com China is allowing banks to set a free Renminbi exchange rate versus the dollar in over the counter trading. This may well be a first step in freeing its currency from state control according to a Reuter's article reported in the New York Times. China has permitted banks to freely set their own exchange rates for the renminbi against the dollar in over-the-counter transactions - another step toward freeing the exchange rate from government control. China has been moving slowly toward a free floating currency although slower than North American and European nations would have liked. Most recently banks were required to set Renminbi US dollar exchange rates within three percent of a government dictated exchange rate. The bottom line to a free Renminbi exchange rate versus the dollar is that China believes that its currency is now fairly priced versus the US dollar. As such a free Renminbi exchange rate versus the dollar or other major currencies will not result in a run on the dollar or a run on the Renminbi. Renminbi Internationalization It is a goal of the Chinese government to internationalize the Renminbi. According to the Euromoney online the move to a free Renminbi exchange rate versus the dollar is meant to further the Renminbi's internationalization. A common complaint of companies working in China is managing liquidity with what has been a government controlled currency. In a survey conducted by Euromoney's Research Group in association with ICBC on the Renminbi's rise, close to 3,000 treasury and finance professionals of international companies with exposure to China responded and shared their views on renminbi liquidity management, cross-border trade settlement, inter-company invoicing and some of the main operational challenges corporate treasurers face in the country. Additionally, China would like to have the clout that the US does in international affairs as seen in the ability of the United States and its Western allies to shut down trade with rogue nations via the international banking system. A free Renminbi exchange rate versus the dollar could be viewed with that aspect in mind as well. Free Trade, Fair Trade and Central Banks A seemingly eternal complaint of the North Americans and Europeans is how China manipulates its currency in order to drive up the value of the US dollar and Euro. This practice has made Chinese products more competitive and resulted in the growth of the Chinese industrial machine. Now that there is a move to a free Renminbi exchange rate versus the dollar, one might be naïve enough to think that currency manipulation is over with. Think again. Central Banks are always free to buy and sell currencies and even with a free floating Renminbi the People's Bank of China can still buy dollars to drive the price up and maintain a competitive advantage in trade. Meanwhile China is poised to pay for Russian oil and natural gas in Renminbi, trade Renminbi in London and is setting up Renminbi clearing bank in South Korea to facilitate a bilateral trade deal and trade denominated in Renminbi. Chinese and South Korean leaders have pledged to sign a bilateral trade agreement by the end of this year and introduce direct trading of their currencies to spur cross-border renminbi transactions and deepen economic ties in two of Asia's largest economies. So much for the USD as the only currency to trade against the minor currencies of the world! http://youtu.be/H0e5BJAYo-U
Views: 2407 ForexConspiracy
One year after China’s exchange rate reforms
Last August, China took a big step to reform its exchange rate system, allowing for market forces to play a greater role in the yuan's daily value. One year on, how much has changed? Xu Sitao, Chief Economist from Deloitte China, and Nicholas Lardy, Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics, discuss the progress. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 655 CGTN
AUD/CNY Forex Rates and Currency Converter (PC)
Quick guide to your foreign exchange rates and currency converter for the PC. Instantly converts and calculates between two pairs of currencies. Download direct: http://currencyconverterpc.com/download/ More details: http://currencyconverterpc.com
Views: 22 aquariussoftdr
Inside the Chinese Basket: Is China Manipulating the Currency Exchange Rate?
Speaker: Kazuo Yamazaki "Everybody is talking about China. In fact, everybody should be talking about China. According to the Nobel Laureate economist Joseph Stiglitz of Columbia University, China is today experiencing "the most remarkable economic transformation in history." But this "most remarkable economic transformation in history" has come with its cost, and this cost could be huge. Economists such as Morgan Stanley Andy Xie argues that China has been stuck in "macro trap" that disallows itself to freely control its interest rate or the exchange rate, and the hard landing due to the real estate bubble in 2007-08 is very possible. The other side of the picture of China's trade surplus has been the US current account deficit that has reached an unprecedented level of $820 billion in 2005 alone. Policymakers such as Schumer and Graham have been trying to impose tariff rates on the Chinese imports. Now Grassley and Backus are taking actions to put sanctions on the Chinese imports if necessary. John Snow of the US Treasury Department expressed his opinion that China has been manipulating its currency exchange rate for its export advantage. Chinese President Hu Jintao came to Washington to discuss the trade friction issue with President Bush but only left without making much progress. People's Bank of China has recently risen its domestic lending rate by 27 basis point and appreciated RMB below 8RMB-1USD. Yet, the internationally community remains unsatisfied. The world has seen such trade frictions before; during the Great Depression or the rise of Japan in the 1980s. Unfortunately, the world has never witnessed any good result out of these economic conflicts either. For example, economists such as Robert McKinnon of Stanford University points out that one of the main causes of Japan's Lost Decade in Great Deflation was due to the forced appreciation of Japanese Yen in the 1980s. My research combines information from different credible sources, and reaches several conclusions. Some of them are: 1) There has been an economy recycle between the US and China. 2) China does manipulate currency exchange rate, although plenty of countries have done the same in history. 3) People's Bank of China has not raised its rate partially to justify the devalued exchange rate of Chinese currency Rembini. 4) RMB is pegged to the basket with the USD being the dominant force inside the basket. 5) The global imbalance has been expanding in its magnitude day by day, and both China and the US have roles to play."
Views: 1317 aaaricuny
Why make the renminbi fall? | FT Comment
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs FT emerging markets editor James Kynge talks to Izabella Kaminska about the implications and motivations behind the increased flexibility of China's exchange rate mechanism. For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 2708 Financial Times
President Xi: China to stick to reforms in RMB exchange rate
China's stock markets are in self recovery and adjustment mode after the recent ups and downs, and China will continue reforms that allow the RMB to float both ways, Chinese President Xi Jinping said during a speech at the 3rd China-US Governors Forum in Seattle on Tuesday. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 432 CGTN
China to stick to reforms in RMB exchange rate
Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish
Views: 43 CCTV English
Historical milestone: IMF launches new SDR basket including China's RMB
The International Monetary Fund (IMF) on Friday announced the launch of the new Special Drawing Rights (SDR) basket that includes the Chinese currency Renminbi (RMB), calling it “an important and historical milestone” for China, the IMF and the international monetary system.
Views: 13256 New China TV
Floating exchange rates
In this video you will learn about how floating exchange rates are determined. You'll also learn about the difference between currency depreciation and appreciation.
Views: 2533 EnhanceTuition
China‘s new exchange rate system and its consequences
14 August 2015: In China’s new, freer exchange rate system the country’s macroeconomic weaknesses will have a bigger impact on the exchange rate. We have therefore revised our USD-CNY forecast substantially upwards. Nonetheless, we still believe that the first US interest rate hike is more likely to happen in September than in December. For more information please click refer to the web site of our Chief Economist https://www.commerzbank.de/en/hauptnavigation/research/research.html
Views: 169 Commerzbank AG
Expert: RMB's depreciation is another step toward market-oriented exchange rate system
China's central bank has announced a new way of managing the exchange rate to better reflect market forces. This has fueled rumors about government manipulation to bolster flagging export and a possible currency war. But experts say the depreciation of RMB is just temporary growing pains.
Views: 227 New China TV
IMF launches new SDR basket including China's RMB, hailing it as historic milestone
The International Monetary Fund (IMF)  has announced the launch of a new Special Drawing Right (SDR) basket including the Chinese yuan, hailing it a "historic milestone" for China, the IMF and the international monetary system. The renminbi will be considered by the international community as a freely usable international currency, and will join the basket of the Special Drawing Right (SDR) as a fifth currency, along with the US dollar, the euro, the yen and the British pound. Managing Director of the IMF, Christine Legarde said “the Renminbi’s inclusion reflects the progress made in reforming China’s monetary, foreign exchange, and financial systems, and acknowledges the advances made in liberalizing and improving the infrastructure of its financial markets.” The IMF has decided that the weights of each currency would be 41.73 percent for the US dollar, 30.93 percent for the Euro, 10.92 percent for the Chinese yuan, 8.33 percent for the Japanese yen, and 8.09 percent for the Pound sterling. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 2226 CGTN
Why do the Yen and Yuan have the same symbol?
Support us on Patreon! https://www.patreon.com/Wellactually Thank you so much for watching! If you like this, please feel free to share, like, comment and subscribe! By the way; If you enjoyed this, please share it on Reddit, Twitter, Facebook, etc. For a small channel like this, it really helps out a lot! And I appreciate it :) Please Subscribe!: https://www.youtube.com/c/WellActually?subconfirmation=1 Follow us on Twitter! - https://twitter.com/WellActuallyC Thanks to Pyrafire for the graphics - https://twitter.com/PyraFire Help translate the show -http://www.youtube.com/timedtext_cs_panel?c=UCLzELCDHdDfPaJSZ-BJTawA&tab=2 Other Videos to check out: Why is China called China? https://www.youtube.com/watch?v=UjTFFUSrUB8 Why is Hungary called Hungary? https://www.youtube.com/watch?v=ABrkgCdsSaM Flags of Hong Kong and Macau https://www.youtube.com/watch?v=Jz0i2MEU_Wo Well Actually is a channel all about facts! Most of our videos focus on Geography, History and Flags so if any of these topics are of interest to you, why not check us out? New videos come out every Monday and occasionally on Wednesdays and Fridays as well. #Wellactually #Teamowl #Facts
Views: 7060 Well... Actually
China and the Yuan-Dollar Exchange Rate  Case Solution & Analysis Thecasesolutions.com
https://www.thecasesolutions.com This Case Is About China and the Yuan-Dollar Exchange Rate Case Solution and Analysis Get Your China and the Yuan-Dollar Exchange Rate Case Solution at Thecasesolutions.com https://www.thecasesolutions.com/china-and-the-yuan-dollar-exchange-rate-2509
Currency Exchange Rates and Investing Offshore
http://www.profitableinvestingtips.com/forex-trading/currency-exchange-rates-and-investing-offshore Currency Exchange Rates and Investing Offshore By www.ProfitableInvestingTips.com There is a definite profitable advantage to be had when seeking favorable currency exchange rates and investing offshore. This applies to specific offshore investment ideas such as vacation rental property and stocks and to foreign direct investment on a larger scale. Using Colombia and the current state of the Colombian peso as an example we look at currency exchange rates and investing offshore. The USD COP Exchange Rate As of early March, 2015 the USD COP exchange rate is just under 2,600 Colombian pesos (COP) to the dollar (USD). As a point of comparison the peso traded 1818 to a dollar two years ago and again around 1820 just 7 months ago. Go to ExchangeRates.org and pick the two year history for the USD COP exchange rate history. Welcome to the USD COP history summary. This is the US Dollar (USD) to Colombian Peso (COP) exchange rate history summary page, detailing… The point being that the peso has fallen dramatically over the last several months. Why is that? Colombia is an oil producer and the Colombian peso is closely tied to the price of oil. The Price of Oil Falls Take a look at the chart on InvestmentMine.org for a five year crude oil price chart. The page lists the current price and 52 week highs and lows. Our interest is in the chart. Crude Oil Price 59.24 USD/bbl (54.55 EUR/bbl) 09 Mar 2015 - 52 Week Low 46.18 USD/bbl 52 Week High 114.77 USD/bbl The point is that oil was selling for around $110 a barrel in July of 2014 at the same time that the Colombian peso was trading 1800 to a dollar. Oversupply and the presence of threat of recession in Europe, China and Japan have reduced demand at the same time that two main producers, Saudi Arabia and the USA are pumping like mad. Colombia has been caught in this dilemma. Until the price of oil goes up the Colombian peso will be hurting. And what does this have to with currency exchange rates and investing offshore? Investing in Colombia Colombia is a democracy with a well-managed economy. The half century long civil war may well be drawing to an end as talks between the government and main rebel faction, FARC, continue in Havana. Colombia is a big energy exporter to the USA, has a free trade agreement with the USA as well as the Pacific Alliance of Chile, Colombia, Mexico and Peru. Direct foreign investment in the oil and gas sector peaked at $13 billion in 2013. Take a look at the CIA World Factbook page for Colombia and click the Economy tab. Colombia's consistently sound economic policies and aggressive promotion of free trade agreements in recent years have bolstered its ability to weather external shocks. Real GDP has grown more than 4% per year for the past three years, continuing almost a decade of strong economic performance. All three major ratings agencies have upgraded Colombia's government debt to investment grade. Nevertheless, Colombia depends heavily on energy and mining exports, making it vulnerable to a drop in commodity prices. Colombia is the world's fourth largest coal exporter and Latin America’s fourth largest oil producer. The point is that there is the basis for profitable investment in Colombia and now is an ideal time because of the fall in value of the Colombian peso, property in Colombia and business investment in Colombia due to the current weakness of the Colombian peso. There is vacation property in Cartagena on the Caribbean and business investments in the 8 million person city of Bogota. The coffee producing and agricultural region around Manizales, Pereira, Medellin and Cali is an often overlooked area for investment as well. Because the price of oil is cyclical we can expect to it to rise from current lows and bring the value of the Colombian peso back up with it. Simply as a Forex play one might convert their dollars to COP and bank them in Colombia while waiting for an investment opportunity. If the opportunity does not occur one could wait for the expected return of the COP to the 1,600 to 1,800 to the dollar range and simply convert back to dollars with a fifty percent profit! That is our point about currency exchange rates and investing offshore. http://youtu.be/4eNI2VSt3aA
Views: 912 InvestingTip
latest currency rate - iran: new dollar-rial single exchange rate sets off buyer frenzy
🔥Certified Forex & Binary Options Broker🔥 with Unlimited $1000 Practice Account! +💵 Trade CFD, Digital Options & Crypto with Profit up to 900%^ ➡ http://bit.ly/2xGlb1U THIS VIDEO IS NOT INVESTMENT ADVICE. General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose ^In case of successful trade on Digital options Binary and Digital options are prohibited in EEA Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money Individuals or investors may also find currency exchange rates archives or history and also up to date from today's open market currency exchange rates dollar rates forex articles & graphs for major cities of pakistan such as; open market currency rates in karachi exchange rates of pakistan in lahore money exchange.. 18) open market currency exchange rates in pakistan | currency exchange rates | forex. Open market currency rates in pakistan 2/24/2018.19-09-2018 open market currency exchange rates in pakistan | currency exchange rates | forex. Add and calculate all currencies in real time in excel sheet also update currency.... On this platform of currency exchange rates you can find some major international forex rates such as; euro (€ -eur) rates british pound rates (£-gbp) uae dirham rates (dh-aed) saudi riyal rates (riyal – sar) chinese yuan rates canadian dollar rates (cad) australian dollar rates (aud) qatari riyal rates (qar) malaysian ringgit rates (myr) hong kong dollar rates (hkd) and singapore dollar rates (sgd) respectively.How to check any time currency rates for send to any country / urdu / hindi.No need to scroll through endless lists - setup your personal currency list and have all important currencies at first glance...Or aaj is video main aap se currency rates baat ki gai hai. Currency exchange rates in pakistan (18. Open market currency exchange rates of us$ dollar.Watch the video to learn how to find currency rates today... Currency exchange rates all world hindi urdu# kese pata kare ret.Visit to learn more about mauritian currency and the latest exchange rates... Open market currency rates in pakistan 2/24/2018. Check out for the latest open market currency exchange rates in pakistan with the rest of the world exchange rates for instance: usd $ dollar rates (€ -eur) euro rates (£-gbp) british pound rates (aed) uae dirham rates and (riyal – sar) saudi riyal rates (cny) chinese yuan rates in pakistan...Open market currency rates in pakistan 1/9/2018. Open market currency rates in pakistan.Also find daily live and updated open market currency exchange rates. Find currency rates in pakistan. Convert open market currency rates in pakistan online with ease. Open market currency rates in pakistan 1/9/2018.
Views: 38 Options FX 2018
Fed Hike / Yuan (RMB) in SDR ~ INR Reverse Carry
@ Mates ~ This video would let you know about possible Reverse Carry in INR due to hike in Fed Funds Rates and also possible inclusion of Yuan in SDR. You are most welcome to connect with us at 91-9899242978 (Handheld) , Skype ~ Rahul5327 , Twitter @ Rahulmagan8 , [email protected] or visit our website - www.treasuryconsulting.in
Troubling signs in China’s economy leads to a warning for renminbi accountholders
Experts are warning local investors to be weary of Chinese yuan term deposits. Debt and growth anxiety in China’s economy led the central bank to shave a quarter of a percentage point off benchmark lending and deposit rates today. Renminbi term deposits as high as 3.88 percent will be hard to come by in the future, following the lowering of rates by the People’s Bank of China.Investors poured money into term deposits ahead of the bank’s rate cuts. NTU professor Kenneth Lin and Finance Minister Chang Sheng-ford said people should be weary of China’s overall economic trends.Kenneth LinNTU Economics ProfessorExchange rate fluctuations could occur following China’s rate cuts. My recommendation is that in the short-term, over the next year or two, (investors) should stay away.Chang Sheng-fordFinance MinisterIf the economy is weak, it won’t raise rates. There are risks associated with every investment.As deposit rates fall, renminbi accounts will face dual challenges of lower interest income and potential exchange rate fluctuations.
Views: 112 Formosa EnglishNews
How Far Will the Yuan Fall?
http://www.forexconspiracyreport.com/how-far-will-the-yuan-fall/ How Far Will the Yuan Fall? By www.ForexConspiracyReport.com Due to persistent slowing of the Chinese economy the People’s Bank of China is cutting the Yuan reference rate on a daily basis. Capital outflows are driving the Yuan down and with a repeatedly lower reference rate the Yuan exchange rate is falling. How far will the Yuan fall? Bloomberg Business writes about the subject as the Yuan posts its longest losing run in months. China’s yuan weakened for an eighth day, the longest run of losses since June, on increased capital outflows and speculation that the central bank is guiding the currency lower to help an economy growing at the slowest pace in 25 years. The People’s Bank of China cut the yuan’s reference rate for the seventh day in a row after a barometer of capital flows posted the second-biggest drop on record. This followed the authority’s move on Friday to play down the currency’s recent losses by saying its performance shouldn’t be measured against the dollar alone. While the PBOC was seen propping up its exchange rate in the past few months, it has allowed declines on all but one day since winning International Monetary Fund reserve status on Nov. 30. The China Foreign Exchange Trade System, which is run by the PBOC to facilitate interbank trading, published a new yuan index composed of 13 currencies, a development seen as setting the stage for a further decline against the dollar. The Chinese government is using smoke and mirrors in an attempt to make the situation look less dire. The new basket of currencies against which the Yuan will be compared excludes the USD so the news will not include the fact that the Yuan is falling persistently against the primary Forex currency. Another instance of trickery was the announcement by regional officials that they had lied about economic growth rates in the past. It turns out that instead of a region growing at 9% it was really growing at 3%. Thus the fact that today the region is growing at 2% really is not such a bad thing! How Far Will the Yuan Fall? Macro Business asks the exact question that we are asking. How far will the Yuan fall? Is the yuan going to fall 50%? When thinking about the non-linear effects of the financial markets, it isn’t impossible. One Chinese bank has called for as many as three 15% one-off devaluations. Fundamentals and sentiment have favored the bears for several years, and now its time when reflexivity will really start kicking in. The shift from bullish to bearish on the yuan is a huge sentiment move, but most economists are still predicting small moves. [This is v]ery unlikely given the history of financial markets. Here we have a prediction that the Yuan could fall as much as 45 to 50%. Pace of U.S. Interest Rate Increases To an extent how far the Yuan falls is due to a strengthening dollar instead of a weakening Yuan. However it appears that the market has already priced in the first Fed rate increase. Reuters speculates that there will be a limit to U.S. rate increase hikes. The dollar edged lower against major currencies on Monday on worries that heightened market volatility caused by an oil price slump and turmoil in credit markets could limit the number of U.S. interest rate hikes and dampen the greenback's allure. The dollar index has been down 2.5 percent so far this month, much of it due to profit-taking as investors have fully priced in the first U.S. interest rate increase in nine years. The Federal Reserve is expected to deliver that policy move on Wednesday, with investors now focused on the pace of tightening after that. How far will the Yuan fall? China needs to clean up its credit mess and adjust its economy away from being solely export driven. It needs to let its currency fall as the market dictates. The issue with the Yuan is the Chinese economy and not the USD. https://youtu.be/KI_86JSAMtg
Views: 74 ForexConspiracy
RMB influence grows but dollar still reigns supreme
The Chinese currency is growing in influence on the world stage and is on track to become one of the world's reserve currencies within a decade. But Eswar Prasad, senior fellow at the Brookings Institute and author of 'The Dollar Trap', tells the FT's David Pilling that it is unlikely to become a safe haven currency without significant institutional as well as financial reform. For more video content from the Financial Times, visit http://www.FT.com/video Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 766 Financial Times
Renminbi turbulence had endangered IMF's decision
Last year China experienced severe turbulence in both the stock and foreign exchange market, with the scare threatening the RMB's inclusion in the SDR basket. Following the People's Bank of China and finance ministry vowed to maintain the RMB's stability, the exchange rate fluctuated within a safe range and eventually settled. On November 30 of last year, the IMF's Executive Board voted unanimously to include the RMB into the SDR basket. Former deputy managing director, Zhu Min, witnessed the historical moment. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 238 CGTN
Chinese yuan set to join IMF's elite currency basket
China's yuan is poised to enter the International Monetary Fund's elite SDR basket of currencies, elevating Beijing's banknotes into a family long exclusive to global reserve assets.
Views: 1348 AFP news agency
This economist expects the PBOC to 'defend' the Chinese yuan | The Rundown
Hao Zhou of Commerzbank says the Chinese authorities "need to think twice" before allowing the dollar-yuan to "easily get through 7."
Lagarde on RMB’s SDR inclusion: A historical moment for many reasons
CCTV has interviewed the IMF's Managing Director Christine Lagarde, who spoke about the significance of including the Renminbi in the group's Special Drawing Rights (SDR) basket. Lagarde noted that it is an indication of the role played by China as well as Renminbi as an international currency. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 500 CGTN
SDR basket expands to five currencies, effective today
RENMINBI SDR INCLUSION Subscribe to CCTV on YouTube: https://www.youtube.com/user/CCTVcomInternational CCTV: https://goo.gl/gYT8W8 CCTV中文国际: http://goo.gl/HcZaeZ Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv Instagram: http://instagram.com/cctvenglish
Views: 720 CCTV English
China Incur Huge Exchange Losses
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews China's huge foreign exchange reserves continue to grow rapidly in recent years. Experts said the Central Bank's foreign exchange assets have incurred huge losses. It is imperative to divert them. Analysts believe RMB needs to be internationalized and freely exchanged. China's foreign currency policy and system have rendered Chinese people rather miserable. Zhang Anyuan, director of financial research in China's development and reform institute (NDRC) said, the loss of foreign exchange assets with the central bank is appallingly huge. Due to the exchange rate hike, as of the end of 2010, the Central Bank has lost US$271.1 billion over the past seven years. If future exchange rate of RMB to USD rose to six, the loss will climb up to 578.6 billion USD. Zhang Anyuan stressed the loss can't be covered by investment income. Except for the central bank as the "government purse", no institution will accept such commercial trading loss. He believes it's urgent to diversify foreign exchange reserves. Central bank data showed by the end of March, China's foreign exchange reserves reached 3,044.7 billion USD about 1/3 of global foreign exchange reserves. HK Oriental Daily published an article "Foreign Reserves Lost Two Trillion, Who Is Guilty?". As Zhang Anyuan calculated, China's foreign exchange reserves in past 7 years lost nearly two trillion yuan, about 1,400 yuan per capita. Chinese Authorities claimed no money to implement free medical care nationwide, which needs only 400 billion yuan, much less than the above loss. Sun Laixiang, professor in Department of Finance in Oriental and African Studies of Univ. of London, told BBC that China has no need to hold such huge foreign exchange reserves, authorities should change the highly centralized model, marketize RMB, and allow enterprises to have more management authority on it. High foreign exchange reserves make capital inflows and outflows contradictory. On one hand, economic development requires a lot of money from abroad; on the other hand, authorities increase foreign exchange reserves to "output" huge low-cost funds. According to China's foreign exchange policy, to export 1 dollar commodity, same value of RMB will be printed to balance it. In 2010, China's foreign exchange reserves was about 2.8 trillion USD, more than 18 trillion yuan were printed, equivalent to nearly 6-fold of 3.4 trillion market currency in circulation (M0) in 2008 . Economist Lang Xianping pointed out the huge amount of RMB balancing foreign exchange, were passed on to people as inflation, causing a sharp depreciation of currency, and sharp rise in prices. The resulting phenomenon is absurd that the more export and foreign exchange, the more miserable people are. Why is the CCP so 'stupid'? Why don』t the authorities "Return export income to the public to improve people's standard of living ", or "reduce exports, and leave more on domestic market"? Isn't it that the best solution? Critic Gao Zitan said on New Era magazine, as early as the CCP established its regime, it had a working-peasant "scissors difference" in price, to suppress agricultural products prices, exploiting farmers to support workers. Now it's "scissors difference" between domestic and international commodity prices. Exploit cheap labor, export cheap goods, along with its foreign policy, repeatedly plunder people's wealth. Gao Zitan said essentially 3 trillion foreign exchange reserves have become CCP's assets, people do not know its specific uses, let alone any decision on it. NTD reporters Li Qian and Li Ruolin 《神韵》2011世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 828 ChinaForbiddenNews
IMF Adds China’s Yuan to Group of World’s Top Currencies
The International Monetary Fund (IMF) added China’s yuan to the group of the world’s top currencies. This is an historic achievement for China, reflecting its rising importance on the global economic stage. But it also brings risks. Originally published at - http://learningenglish.voanews.com/media/video/imf-adds-chinas-yuan-to-group-of-worlds-top-currencies/3109189.html
Views: 2032 VOA Learning English
IMF Historic Chinese Yuan SDR decision Monday
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Views: 470 CURRENCY365
US Dollar Exchange Rates
http://www.ForexConspiracyReport.com - US Dollar Exchange Rates As the European debt crisis threatens to worsen US dollar exchange rates are going up. The dollar has historically been considered a safe haven currency, along with the Yen, Swiss franc, and the Euro. The Euro is in trouble because of the sovereign debts of several of its members, most especially Greece. Both Japanese and Swiss central banks are selling their currencies with the intent of keeping rates as manageable levels. The US is not attempting to sell dollars and manipulate the dollar's value so US dollar exchange rates are rising. The dollar owes part of its recent surge to increases in industrial production and construction, signs of economic improvement. But, much of the rise of US dollar exchange rates is due to the dollar being the best of a number of so-so choices. Traders expect to see the dollar rise a bit more and are jumping on board for short term profits. Investors fearing a second dip to the recession and a prolonged recovery phase are putting their money where they think it is safest, in US dollars and US treasuries. US dollar exchange rates rose of late in favor of the dollar in the EUR/USD, USD/CHF, and USD/YEN currency pairs. Higher US dollar exchange rates make foreign imports cheaper for US consumers. They also make US exports more expensive for the rest of the world. Japan, Taiwan, and now Mainland China have intentionally purchased US dollars as currency reserves over the years. Doing so has artificially lowered the value of their currencies and raised that to the US dollar. Doing so has helped these Asian nations grow to be major exporters to both North America and Europe. A continued rise in the dollar serves to help nations holding dollar reserves and serves to help all nations wishing to export to the USA. It is not clear how the European debt dilemma will work out or the effects a debt default might have on the EU or, for that matter, the world economy. However, investors as well as Forex traders are concerned and are plowing assets into the US dollar as well as US treasuries where demand at weekly auctions has driven interest rates to historic lows. In the last years the demise of the US dollar as the primary currency of foreign trade and foreign currency reserves has been called into question. However, reports of the death of the Greenback seem to have been premature. If the US economy continues to grow a slowing of the nation's ever increasing debt burden is possible or even a return to the last years of the Clinton administration when the US did not add to its debt and simply retired treasuries as they came due. It is possible to reduce the US public debt as seen by the example of the later Clinton years. It is also possible to see rising US dollar exchange rates as evidenced by the Forex markets of the world in the last days. Traders have done better investing in the dollar versus stocks, most commodities, and, especially, gold over the last month.
Views: 8341 ForexConspiracy
Chinese Renminbi Currency Now Main IMF World Currency! Comparable to How Dollar Started  WWIII Soon?
What does history tell us about what may happen next in the world with the announcement of China’s Renminbi being approved by the International Monetary Fund as a Main World Currency? The Dollar at one time was insignificant compared to ruling British Pound prior to World War I. In its infancy though, everyone started trading in the cheap Dollar and utilizing it for a variety of financial purposes, and then World War I gave the Dollar a short cut to world dominance as a reserve currency in 10 short years and World War II catapulted the Dollar to the prominence it has enjoyed for nearly 70+ years. With the tensions of East and West mounting over Middle East natural resources and conflicting alliances, the crazy spread of radical and violent, Jihadist ideology and China and Russia working with Iran and other countries to strengthen its own global alliances, is history about to repeat itself? That is, another global war and difference currency taking the place the previous one. How far will an expanding hegemony go to protect and elevate the worth of its economic power in the 21st century? Yes, there are MANY things that could be said about this and we may have more to say. This is just a 5 minute video that simply tries to put this in perspective based on upon the principle that history does indeed repeat itself and spur friends and family to dig deeper into this subject. Fiat currencies like the Dollar have defied all odds. Is its time up? Thank you for watching and please comment and tell everyone what you think this means for the Dollar and global geopolitics. This is the Youtube channel devoted to subjects not easily seen by the human eye yet very important to humanity. A BIG THANKS to our subscribers. Music credits at end of video.
Views: 490 humanspan
BREAKING! IMF Adds Chinese Yuan (Renminbi) to SDR (Special Drawing Rights) Basket of Currencies
Article - https://goo.gl/5WO3rI - As Christine LaGarde mentioned, it was not a matter of "if" but "WHEN" the Chinese currency, the Yuan, or Renminbi, would be added to the SDR Basket, (see https://goo.gl/OVZ6Zc) it has finally happened. http://globalcurrencyreset.net/ http://dinarrvnews.net/ http://www.isisiraq.com/ http://www.nickgiammarino.com/ Nick Giammarino Linked In - https://www.linkedin.com/in/tempeseo GCR Google+ https://plus.google.com/+GlobalcurrencyresetNet/posts GCR Twitter - https://twitter.com/globalresetguy GCR Facebook - https://www.facebook.com/theglobalcurrencyreset GCR YouTube - https://www.youtube.com/user/globalcurrencyreset GCR Delicious - http://del.icio.us/globalreset GCR Wordpress - https://globalcurrencyreset.wordpress.com/ GCR Blogspot - http://global-currency-reset.blogspot.com/ GCR Podcast - http://globalcurrencyreset.libsyn.com/ Dinar Twitter - https://twitter.com/dinarrvnews Dinar Facebook - https://www.facebook.com/dinarrvnews Dinar Blogpot - http://dinarrvnews.blogspot.com/ iTunes Podcast - https://goo.gl/d0sHr9 Iraqi Dinar RV News Google+ https://goo.gl/1mzb8z IQD RV News YouTube - https://www.youtube.com/user/dinarrvnews Related Documents http://www.slideshare.net/iraqidinar Tumblr - http://dinar-guru.tumblr.com/ Tumblr - http://iraqi-dinar.tumblr.com/ Vimeo - https://vimeo.com/iraqidinar Scoop It - http://www.scoop.it/t/iraqidinar Storify - https://storify.com/iraqidinar Read also here: http://www.imf.org/en/news/articles/2015/09/14/01/49/pr15543 http://www.imf.org/en/data/imf-finances http://www.imf.org/en/About/Factsheets/Sheets/2016/08/02/19/35/Review-of-the-Special-Drawing-Right-SDR-Currency-Basket http://www.imf.org/en/News/Articles/2016/09/30/AM16-PR16440-IMF-Launches-New-SDR-Basket-Including-Chinese-Renminbi
Views: 5784 Global Currency Reset
RMB Devaluation: Who Wins?
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews While the purchasing power of RMB continues to decline in Mainland China, the exchange rate has continued to rise. This phenomenon has troubled Chinese people. People complain, saying, "RMB should be sorry to the Chinese." Experts say that the Communist Communist Party (CCP) currency policy has created huge foreign exchange reserves. It has also created the devaluation of RMB in China, high exchange rate overseas, and a burden to China. As for who is exactly benefiting from this policy, we will take a look. In recent years, China has seen depreciation of the RMB domestically, and appreciation in foreign exchange rates. Elite groups of the CCP have plundered national resources and wealth, transferring them overseas. This is done through buying overseas properties, real estate, and luxury goods. This leads to soaring prices in the foreign countries. Recently, Chinese buyers have purchased property in Houston, USA, containing nine projects, and approximately 2,600 rental apartments. Among them is Boyu Capital, a Chinese private equity fund. Reportedly, Jiang Zemin's 27-year-old grandson, Jiang Zhicheng, is a major investor in Boyu Capital. In addition, Hong Kong, has tried to cool down the property market, to avoid a property bubble. Investment from China has made it hard to control. Jason Ma, financial expert: "RMB purchasing power abroad is strong. That's why Chinese tourists have swamped branded stores in the US. To those who take advantage of traveling and shopping, they are the winners. But to those who struggle to make both ends meet, they are faced with higher and higher prices." The US Federal Reserve has decided it's fund rates unchanged at 0.0-0.25%. Interbank rates have gone as high as 6% in China. CCP officials thus take advantage of high interest rate differentials, and make profits from huge assets they hold. They do this by transferring them back to China to absorb the interests. As a result, inflation is further increased in China. Economists explain that following the end of the Federal Quantitative Easing policy, and recovery of the economy in the US, those funds will transfer back to the US after absorbing interests in China. Ren Zhongdao, financial analyst: "Inflow of hot money will lead to the appreciation of the RMB. As foreign currency rushes into China to absorb interests, the central bank will issue RMB to balance the needs. This will continue." China has become the world's largest currency issuing country. As of the end of November, China's broad measure of money supply, called M2, exceeded 107 trillion yuan ($17.6 trillion). This is despite the lasting cash crunch of the Chinese finance sectors. In the world's second largest economy, China, people are suffering. In the past two decades, investment has contributed to around 50% of China's economic growth. Low interest rates, as an effective means of stimulating investment, have led to forced land acquisition, and forced demolition throughout China. Among some twenty million petitioners, over 70% of them are victims of forced land acquisition and forced demolition. Jason Ma: "To stimulate the economy, the CCP injects huge amounts of cash, and creates inflation. The devaluation of the RMB in China is being caused by the printed money. However, the CCP also limits free conversion to foreign currencies. China relies heavily on exports. Its policy has thus created shortages of RMB overseas, and the appreciation of the RMB in foreign countries." Since the 1994 exchange rate reforms, surplus has occurred as a result of Chinese industries and projects with frequent international trades. Abnormal economic growth has attracted global capital inflows, and has created further surplus. Foreign exchange reserves have increased beyond adequate levels. By the end of 1993, China's foreign exchange reserve was $143.2 billion. After the 1994 foreign exchange reforms, foreign exchange reserves rose to $448.2 billion at the end of that year. By the end of 2000, it had reached $1.4291 trillion. Jason Ma: "China's huge foreign exchange reserves are not the pride of China, but are the burden to China. Foreign currencies have become the carriers of wealth. Once foreign currency is devaluated, domestic wealth starts to shrink." An export-led economy has forced the CCP to agree with trading countries demands to appreciate the RMB. This is in order to achieve the trade surplus. Deng Enchong is a lawyer specializing in finance. Deng Enchong indicates that under centralization, the central bank's injection of cash has become even more passive. The CCP's ruling will only become weaker with a prolonged devaluation of the RMB domestically and appreciation internationally. This will also serve as a driving cause 《神韵》2013世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 682 ChinaForbiddenNews
China and the Yuan-Dollar Exchange Rate  Case Solution & Analysis- TheCaseSolutions.com
https://www.thecasesolutions.com This Case Is About STRATEGY & EXECUTION Get Your CHINA AND THE YUAN-DOLLAR EXCHANGE RATE Case Solution at TheCaseSolutions.com TheCaseSolutions.com is the number 1 destination for getting the case studies analyzed. https://www.thecasesolutions.com/china-and-the-yuan-dollar-exchange-rate-2-46668

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