The RMB still has a long journey to becoming a global reserve currency. Still, the steady rise of the RMB appears inevitable given China’s growing economic significance. The US$468 billion (and ...
SHANGHAI -- China's central bank stepped up support for the yuan on Thursday, signaling it wants to avoid a rapid weakening of its currency, after the U.S. Federal Reserve's 2025 interest rate ...
The People's Bank of China (PBoC) issues this currency. Also known colloquially as the 'yuan,’ it makes up average volume of US$142 billion per day. Although it is a developing currency, it is the ...