On the 24th, the won/dollar exchange rate is on the rise in the early trading period. As of 9:05 am in the Seoul foreign exchange market on this day, the won-to-dollar exchange rate is 1330.5 won, up 2.3 won from the previous trading day. After opening at 1332.5 won, up 4.3 won, the exchange rate … Read more
Jakarta – The United States (US) currency, namely the dollar, is increasingly being pushed aside in Russia. The country led by Russian President Vladimir Vladimirovich Putin now receives a lot of its currency, the ruble and China’s currency, Yuan. The Chinese government indeed imports a lot of gas and crude oil from Russia. Deputy Prime … Read more
Ms. Kanchana Chokpaisarnsilp Research Administrator, Kasikorn Research Center Co., Ltd. reveal the baht today (April 18, 2023) turn around to appreciate, returning to close at 34.28 baht per dollar. Compared with yesterday’s closing level at 34.36 baht per dollar. The baht strengthened in line with the movements of most regional currencies. Which has benefited from … Read more
Bloomberg News Agency (Bloomberg) report the statement ofYi Kang (Yi Gang) Governorcentral bank of china (PBOC) in Washington, United States, today (April 16, 2023) that Beijing’s central government has ended most of its regular foreign-exchange intervention and pursued a more convenient policy for foreign currency users.yuanmore However, the authorities still reserve the right to intervene … Read more
Al-Marsad Newspaper: Russian President Vladimir Putin announced the use of the Chinese yuan in settlements and commercial transactions with Asian, African and Latin American countries. “We support the use of the Chinese yuan in settlements between the Russian Federation and the countries of Asia, Africa and Latin America,” he said during his talks with Chinese … Read more
Second ReutersChinese construction companies received 101.8 billion yuan ($14.9 billion) in financing in December, citing data from analyst firm CRIC. This is a third more than in December 2021. The agency notes that such an active growth in the volume of raised funds is associated with the launch of a state program to support China’s … Read more
Jakarta – Currency Yuan The Chinese renminbi was hit by the United States (US) dollar. The dollar exchange rate continued to strengthen against the yuan renminbi even at the 1 dollar level which is equal to 7.2 yuan. This is the lowest exchange rate for the Chinese currency since 2008. The yuan continues to weaken … Read more
Photo: Getty Pictures China has taken $ 105 billion of Russian reserves hostage – – Caught on the accounts of the Celestial Empire were being Russia’s past remaining unfrozen gold and overseas trade reserves. Owning invested 17% of international exchange reserves in the yuan, the Russian authorities admitted that it was basically impossible to withdraw … Read more
China is buying coal and oil from Russia for the yuan, Bloomberg reports. The first loads of energy will arrive in China in April and May. China has struck another blow at the dollar by buying coal and oil from Russia for the yuan. Shipments of energy carriers will arrive in the Celestial Empire in … Read more
PEOPLE’S MIND – Effective September 2021, Government Indonesia has a new policy regarding international payments and transactions. With the local currency settlement (LCS) agreement with China, then the government Indonesia agree that currency China, Yuan can be used as an international payment method. The policies that apply between Indonesia and China this will be enforced … Read more