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Exchange Rates Of The Chinese Renminbi, Yuan...
 
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Information Source: "Bank Of China" United States Dollar (USD) to Renminbi (RMB) … United Arab Emirates Dirham (AED) to Renminbi (RMB)… Brazilian Real (BRL) to Renminbi (RMB)… South Korean Won (KRW) to Renminbi (RMB)… Russian Ruble (RUB) to Renminbi (RMB)… Euro to Renminbi (RMB)… Indian Rupee (INR) to Renminbi (RMB)… Turkish Lira (TRY) to Renminbi (RMB)… Japanese Yen (JPY) to Renminbi (RMB)… USD to Yuan (CNY)… AED to Yuan… EUR to Yuan… INR to Yuan… TRY to Yuan… RUB to Yuan… BRL to Yuan… KRW to Yuan… AED to Yuan… YPY to Yuan… CNY exchange rates… RMB exchange rates… China currency rates… Exchange Rates Of The Bank Of China (BOC) Yuan prices... CNF Forex Rates... China's money rates... Курсы китайского юаня ... 中国银行汇率(BOC) Курсы валют Банка Китая (BOC) ... Çin Bankası Döviz Kurları (BOC) ... बैंक ऑफ चाइना (बीओसी) की विनिमय दरें ... أسعار صرف بنك الصين (بوك) ... 中国銀行の為替レート(BOC)... Taxas de Câmbio do Banco da China (BOC) ...
Views: 10171 BusinessMediaguide.Com
Chinese Renminbi, Yuan Exchange Rates...
 
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Exchange Rates of the Chinese currency Renminbi, Yuan... United States Dollar (USD) to Renminbi or Yuan (RMB, CNY) … United Arab Emirates Dirham (AED) to Renminbi or Yuan (RMB, CNY)… Brazilian Real (BRL) to Renminbi or Yuan (RMB, CNY)… Russian Ruble (RUB) to Renminbi or Yuan (RMB, CNY)… Euro to Renminbior Yuan (RMB, CNY)… Indian Rupee (INR) to Renminbi or Yuan (RMB, CNY)… Turkish Lira (TRY) to Renminbi or Yuan (RMB, CNY)… Japanese Yen (JPY) to Renminbi or Yuan (RMB, CNY)… Philippine Peso (PHP) to Renminbi or Yuan (RMB, CNY)… USD to Yuan (CNY)… AED to Yuan… EUR to Yuan… INR to Yuan… TRY to Yuan… RUB to Yuan… BRL to Yuan… PHP to Yuan… AED to Yuan… YPY to Yuan… CNY exchange rate today… RMB exchange rates… China currency rates… Exchange Rates Of The Bank Of China (BOC) Yuan prices... CNF Forex Rates... China's money rates... Курсы китайского юаня ... 中国银行汇率(BOC) Курсы валют Банка Китая (BOC) ... Çin Bankası Döviz Kurları (BOC) ... बैंक ऑफ चाइना (बीओसी) की विनिमय दरें ... أسعار صرف بنك الصين (بوك) ... 中国銀行の為替レート(BOC)... Taxas de Câmbio do Banco da China (BOC) ... USD/CNY, EUR/RMB, PHP/CNY, BRL/RMB, TRY/CNY, INR/CNY How much is one dollar in China... how much is 1 dollar worth in china... How much one euro equal in yuan... Yuan exchange rate chart... how much is renminbi or yuan in dollars... how much 1 euro in yuan... yuan vs dollar... 1 yuan is equal to how many rupees... Cinese currency forex exchange rate...
Pegging the yuan | Money, banking and central banks  | Finance & Capital Markets | Khan Academy
 
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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: 111717 Khan Academy
The relationship between the Current Account Balance and Exchange Rates
 
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This lesson will illustrate how trade flows should lead to appreciation and depreciation of currencies in a floating exchange rate system, and then explain how in the case of China, central bank policy aimed at buying large quantities of US government debt keeps the supply of Chinese currency high in the US and the demand for US dollars high in China. This means the dollar remains stronger than it otherwise might relative to the Chinese RMB, contributing to the persistent trade deficits the US exhibits in its trade with China. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 115037 Jason Welker
China and U.S. agree to market-oriented currency exchange rate
 
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Both China and the United States have agreed that the market should play a decisive role in determining currency rates and oppose deliberate currency devaluation for competitive purposes, Yi Gang, the governor of the People's Bank of China, said at a press conference in Beijing on Sunday. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing Tiktok: https://m.tiktok.com/h5/share/usr/6593878228716666886.html?u_code=d1kab7mki4ai6e&utm_campaign=client_share&app=musically&utm_medium=ios&user_id=6593878228716666886&tt_from=copy&utm_source=copy Douyin: https://www.youtube.com/redirect?q=http%3A%2F%2Fv.douyin.com%2F8QTXhV%2F&redir_token=WkBScl40kZbx7ZwJ9M7QhhTjErx8MTU0NTcyMTg3N0AxNTQ1NjM1NDc3&event=channel_description
Views: 724 CGTN
Inside the Chinese Basket: Is China Manipulating the Currency Exchange Rate?
 
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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: 1324 aaaricuny
China’s exchange rate policy over the past decade
 
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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: 1703 Brookings Institution
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 980974 CrashCourse
Floating vs. Fixed Exchange Rates- Macroeconomics 5.4
 
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Float it or fix it? Mr. Clifford expalins the difference between floating and fixed exchange rates and how countries peg the value of their currency to another currency. Make sure to watch this video first: https://www.youtube.com/watch?v=9DVYVfI81R8
Views: 282377 Jacob Clifford
Getting Money In and Out of China
 
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What is the best way of getting money in and out of China? If you are coming to China, should you bring cash or credit cards? Will your bank card work in ATMs and Chinese banks? What is the exchange rate in China? Can you use USD in China? Want to survive in China? Let me show you how. Join me on Facebook: http://www.facebook.com/winstoninchina Support me on Patreon: http://www.patreon.com/serpentza Twitter: @serpentza Music used: starlitdeception.s3m
Views: 67950 serpentza
HK banks to offer Chinese currency deposit services
 
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1. Various exterior shots of Bank of China Hong Kong 2. Various exteriors of the Hong Kong and Shanghai Banking Corporation Limited 3. Wide interior of the Hong Kong and Shanghai Banking Corporation Limited 4. Close up a sign showing bank services 5. Various a bank teller counting Renminbi notes 6. Wide of putting Renminbi notes into a note-counting machine 7. Close up notes coming through from the machine 8. Various set up of Vincent Kwan, Chief Economist of Hang Seng Bank Hong Kong 9. SOUNDBITE (English) Vincent Kwan, Chief Economist of Hang Seng Bank Hong Kong: "Hong Kong will become the first city outside mainland China that can offer investors a first taste of Renminbi financial services. So in this sense it''''''''s a giant step for mainland China actually, because by allowing Hong Kong people to exchange Hong Kong dollars into Renminbi though with their limit, it still represents a relaxation of capital control by mainland China. In such a case, I think probably it paves way for future relaxation in the future." 10. Wide of Vincent Kwan 11. SOUNDBITE (English) Vincent Kwan, Chief Economist of Hang Seng Bank Hong Kong: " By allowing them (mainland visitors) to use credit card in Hong Kong, effectively, they lifted the limit of these outgoing visitors in carrying money in Hong Kong, currently they are limits for them. I think for Hong Kong financial services and Hong Kong as a financial centre, it''''''''s very important that funds are being gathered in a place and Hong Kong can provide all kinds of financial services." 12. Wide of an exchange shop 13. Mid of customers exchanging money 14. Sign writing money exchange 15. Various of commercial buildings in Hong Kong 16. Various of street scenes in Hong Kong STORYLINE: Hong Kong banks can begin to offer individual Renminbi (RMB) services including deposit, exchange, remittance and credit card to their customers on a trial basis on Wednesday. Bank of China Hong Kong (BOCHK), Hong Kong''''''''s second largest bank, starts to provide Renminbi savings and fixed deposits with maximum interest rates of up to 0.5 per cent and up to 0.55 per cent per annum respectively. As for exchange services, BOCHK, the only Renminbi clearing bank in the territory appointed by the People''''''''s Bank of China, provides RMB banknote and HKD (Hong Kong dollar) two-way exchange service to personal customers. Each customer is entitled to exchange up to 20,000 yuan (around 2,400 US dollars) through a deposit account. The Chief Economist of Hang Seng Bank, Vincent Kwan, said that he does not think the RMB deposit service will have a significant impact on the economy immediately, with daily personal exchange limits currently fixed at 20,000 yuan. He added that the significance of the RMB banking service is more symbolic than functional. Apart from Renminbi deposit services, Vincent Kwan added that allowing mainland visitors to use credit cards in Hong Kong helps remove barriers to the flow of funds between mainland China and Hong Kong. The maximum interest rates offered among Hong Kong banks for Renminbi savings deposit are between 0.5 to 0.75 per cent, and fixed deposit are between 0.55 to 0.78 per cent per annum. The rates are higher than that offered in Hong Kong dollars saving accounts. The Hong Kong and Shanghai Banking Corporation Limited has no firm date when it intends to start the RMB services yet. Exchange shops currently provide currency exchange services including the RMB in Hong Kong. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/894763872b5078b71e90f8be5f55e880 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 498 AP Archive
Currency Exchange Introduction
 
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Introduction to how exchange rates can fluctuate More free lessons at: http://www.khanacademy.org/video?v=itoNb1lb5hY
Views: 562242 Khan Academy
Free Renminbi Exchange Rate versus the Dollar
 
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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: 2424 ForexConspiracy
The Bank of China - 1 Yuan Foreign Exchange Certificate
 
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Here you can see a video of a banknote (bill) of China. I have make many more videos of banknotes. On my YouTube-Channel you can see them. Have a happy day! :-) Hier können Sie ein Video von vielen sehen, welche ich von einigen hundert Banknoten / Geldscheinen gemacht habe. Auf meinem YouTube-Kanal gibt es mehr. Einen schönen Tag allen hier! :-)
Views: 380 MKROXTON
PBoC: Yuan exchange rate stable
 
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China's central bank reiterated its stance on the country’s foreign reserve and foreign exchange rate on the sidelines of the G20 meetings in Shanghai. People's Bank of China’s governor Zhou Xiaochuan said the recent fluctuation in foreign reserves is reasonable and the yuan’s rate is stable against a basket of currencies. 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: 184 CGTN
Nigerian Central Bank sets new exchange rate for certain consumers
 
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Nigeria has set a new naira exchange rate for consumers with certain foreign expenses and stepped up dollar sales on the official market to narrow the spread with the black market. Analysts doubted whether the moves would draw investors back to the suffering economy. The regulator said Nigerians can now get the dollar at N360 across all commercial banks within the country. Nigeria is battling a currency crisis brought on by low oil prices. The prices have tipped its economy into a recession, hammered its dollar reserves and created chronic dollar shortages, frustrating businesses and individuals. The central bank, opposed to a free naira float, has been selling the U.S. currency on the official currency market to try to narrow the spread with the black market rate, which was at 390 last week, albeit down from 520 to the dollar a month ago.
Views: 2240 CGTN Africa
Word of the Day: Currency Peg
 
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Watch more Capital Account @ http://www.youtube.com/CapitalAccount http://twitter.com/laurenlyster http://twitter.com/coveringdelta A currency peg, otherwise referred to as a fixed exchange rate, is a type of exchange system wherein a currency's value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. The most readily well-known "currency manipulator" is China, which pegs the yuan to the us dollar. Their's is a flexible peg, but a peg nonetheless, and we look at this during our word of the day, as well as the case of Argentina. These are two very different types of currency pegs. In the case of the yuan, China artificially undervalues their currency relative to the dollar, in an effort to cheapen their exports and drive growth with sales to the US and other countries. This is an export led growth model, facilitated by a cheap currency. The people's bank of china achieves this buy regularly going out into the open market and buying us dollars in return of chinese yuan. This helps to push down the value of the yuan relative to the dollar, cheapening the chinese currency, but also causing inflation domestically because china has to print all this extra money in order to soak up the USD it buys. When a country like china loosens it's peg, its currency will naturally rise. In the case of Argentina, the central bank in that country was keeping its currency artificially high relative to the USD. When Argentina headed into depression during the early 2000's it became increasingly difficult for the country to maintain the peg, because in the case of countries that are artificially increasing the value of their currency, the national central bank had to intervene in the market by selling foreign exchange reserve in return for pesos. This had its limits, since the Argentinian central bank only had so many reserves to sell. The advantage of having a strong and stable currency, as was the case in Argentina throughout the 90's is that it attracts a lot of foreign capital. However, when times get tough, a lot of that capital can leave and then you can find yourself bankrupt very quickly.
Views: 9684 RT America
China's Exchange Rate
 
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On April 18, Global Economy and Development at Brookings hosted Secretary of the Treasury Tim Geithner in a conversation about the state of the global economy. In this segment, Secretary Geithner discusses how China has enacted a number of encouraging changes to the exchange rate. These moves signal more reliance on the market and a greater focus on domestic demand. For more on this event: http://www.brookings.edu/events/2012/0418_geithner.aspx
Views: 1128 Brookings Institution
Definition of exchange rate
 
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Yuan-Niversary: One year since exchange rate reform
 
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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: 475 CGTN
US-China Meeting Starts With Call for Fair Exchange Rate
 
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This is the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish American Treasury Secretary Tim Geithner recently urged China to let the exchange value of its money rise. Mister Geithner was among top officials from both countries who gathered in Beijing for the U.S.-China Strategic Dialogue. Their goal was to increase cooperation on security and economic issues.Secretary of State Hillary Clinton spoke as the meeting opened on May third. She said the two sides were working to build a relationship so that both countries grow without unhealthy competition or conflict.She noted that nations must deal with issues of economics and international politics in a way that is not 'win or lose', or what she called zero-sum. Secretary Clinton also said that both the United States and China have to meet responsibilities to their own citizens and the international community. The value of China's money, the yuan, was among the economic issues discussed at the meeting. In early May, the exchange rate was over six yuan to the American dollar. The United States says China intervenes in foreign currency markets to keep the exchange value of the yuan low. A lower value means Chinese exports are less costly than their competitors. Critics also say China unfairly supports its industries with many other forms of government support. Last year, America's trade deficit with China reached a record two hundred ninety-five billion dollars. At the talks with American officials, Chinese Vice Premier Wang Qishan defended his country's money policy. He said China is moving at a measured rate to make its currency more flexible. And he urged the United States not to "politicize" economic issues. Mister Wang also called on the United States to ease controls on high-technology exports and increase Chinese access to financial markets. Secretary Geithner said China had moved toward a better way of valuing the yuan. But he said more reform was needed. He said a strong, more market-determined yuan will help strengthen China's economic reform goal of moving toward higher value-added production. Currency reform, said Mister Geithner, also was important to China's financial system and to increasing consumer demand at home. For VOA Special English, I'm Alex Villarreal. You can find more news about economics at voaspecialenglish.com.(Adapted from a radio program broadcast 04May2012)
Views: 34505 VOA Learning English
Polish Zloty (PLN) Exchange Rate ...
 
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Exchange rates of the Poland's currency Zloty (PLN)... EUR to PLN exchange rate, USD / PLN, TRY / PLN, CAD / PLN, UAH / PLN, RUB / PLN, CNY / PLN, JPY / PLN, BGN / PLN, CZK / PLN, PHP / PLN, CHF / PLN, SEK / PLN, CHF / PLN, INR / PLN, CLP / PLN currency exchange rates 2019 … 1 EUR Euro to Polish Zloty (PLN) exchange rate … 1 USD United States Dollar to Polish Zloty (PLN) exchange rate … 100 JPY Japanese Yen to Polish Zloty (PLN) exchange rate … 1 CAD Canadian Dollar to Polish Zloty (PLN) exchange rate … 1 CNY Chinese Currency to Polish Zloty (PLN) exchange rate… 1 TRY Turkish Lira to Polish Zloty (PLN) exchange rate … 1 RUB Russian Ruble to Polish Zloty (PLN) exchange rate… 1 UAH Ukrainian Hryvnia to Polish Zloty (PLN) exchange rate… 1 AUD Australian Dollar to Polish Zloty (PLN) exchange rate … 1 GBP British Pound sterling to Polish Zloty (PLN) exchange rate … 1 SEK Swedish Krona to Polish Zloty (PLN) exchange rate … 1 CHF Swiss Franc to Polish Zloty (PLN) exchange rate … 1 BGN Bulgarian Lev to Polish Zloty (PLN) exchange rate … 1 PHP Philippine Peso to Polish Zloty (PLN) exchange rate … 100 INR Indian Rupee to Polish Zloty (PLN) exchange rate … 1 CZK Czech Koruna to Polish Zloty (PLN) exchange rate … 100 CLP Chilean Peso to Polish Zloty (PLN) exchange rate … Today currency exchange rates in Poland ... Dollar rate in Warsaw, Poland today ... zloty to the pound exchange rate ... how much zloty is 1 dollar ... how much zloty to euro ... Narodowy Bank Polski exchange rates... pound to zloty exchange rate in krakow ... Polski złoty (PLN) kurs wymiany ... ile złoty do euro ... Польский злотый (PLN) валютный курс ... Polonya para birimi zloty döviz kuru ... Polnischer zloty (PLN) wechselkurs ... Zloty Polonais (PLN) taux de change ... ile złoty to 1 dolar ... Central Bank of Poland exchange rates ... Indian rupee rate in Poland ... Pound sterling rate in Poland ... American dollar rate in Poland ... Polond currency middle exchange rates ...
Central Bank of Iraq: EXCHANGE Rate Stability  | IQD Dinar Currency Exchange RV
 
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Real Community Engagement http://realcommunityengagement.com CHAT LIVE 712-775-7035 | 649317# Our live chat room and call are both open 24/7. Help us spread the word in the Dinar community. Let everyone know they have a place where they can openly and freely talk with each other without being censored or muted or banned! There are no power hungry mods to tell you what you can or can't talk about. We don't sell anything. We will NEVER ask you for any donations. We do not believe in making money off currency holders. Come hang out with over 1,400 registered dinarians and openly talk about everything that's happening with the Iraqi Dinar, Indonesian Rupiah, Zimbabwe Dollar, Iranian Rial, Vietnamese Dong, and all other speculative currencies pending a potential revaluation RV. What are your thoughts about the Global Currency Reset GCR? What will the revalued rate be for the IQD? _______________________________________________________________ A new decision was issued by the Central Bank of Iraq to allow banks with capital of less than 250 billion dinars to participate in the window selling the currency and increase the weekly share of the dollar to banks, which will contribute to increase the supply of the dollar in the circulation of foreign currency in order to maintain the stability of the exchange rate and overcome and meet some pessimistic expectations Which is speculated by speculators that the dollar exchange rate will increase during the elections or cause the circumstances of the US escalation against Iran and for the purpose of assigning the decisions of the Central Bank requires Iraqi banks and branches of foreign banks to go to real banking And activate the financing of small and medium-sized enterprises and to provide modern banking electronic products and to attract deposits and participate in the establishment of a deposit insurance company and the establishment of the two companies Aloutnettin to finance large projects which contribute to the two traditional banks, participatory and cooperation with the Central Bank in the implementation of its policy in support of the development of the banking sector as directed Mr. Governor last in the monthly meeting of the last monthly banking leaders and meeting with banks participating in the recent banking conference in Istanbul and stressed the sovereignty of the stability of the exchange rate and the recovery of the Iraqi dinar and this goal will remain one of the central bank's objectives, which requires banks sooner or later leave the total dependence on the window Selling Foreign Currency It is time to move on to the practice of real banking, which is to provide modern banking products to the public and provide the best services to customers and work to increase the degree of financial coverage. And that the banking sector has a key role and important in the development and revitalization of the economic cycle and pointed out that the stability of the exchange rate should not make banks fear for their future in the banking market. ________________________________________________________________ https://www.mubasher.info/news/3284065/ http://www.mawazin.net/ http://economy-news.net/content.php?id=12260 https://www.bloomberg.com/view/articles/2018-05-09/forget-iran-the-real-oil-action-is-in-china https://www.cnbc.com/2018/05/08/oil-markets-us-walks-away-from-iran-nuclear-deal.html http://imn.iq/archives/644 https://baghdadtoday.news/ar/news/ http://economy-news.net/content.php?id=12255 https://www.newzimbabwe.com/zimbabwe-qatar-to-pursue-investment-protection-taxation-agreements/ https://www.newzimbabwe.com/african-development-bank-leads-talks-between-zimbabwe-and-creditors-over-arrears/ http://economy-news.net/content.php?id=12262 http://www.shafaaq.com/ar/Ar_NewsReader/1e4a5867-c253-4072-92fc-6965a06d35d1 http://economy-news.net/content.php?id=12256 https://www.nytimes.com/2018/05/08/opinion/trump-courageous-iran-decision.html?action=click&pgtype=Homepage&clickSource=story-heading&module=opinion-c-col-left-region&region=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region https://www.reuters.com/article/us-iran-nuclear/trump-to-reveal-iran-deal-decision-tehran-defiant-as-rial-falls-idUSKBN1I90D6 https://www.bloomberg.com/news/articles/2018-05-08/trump-s-iran-decision-what-s-at-stake-for-global-oil-market #currency #dinar #RV #GCR #news #breaking #breakingnews #IQD #Iraq #revalue #alert #cbi #recaps #reset #revaluation #vnd #rupiah #zim #zimbabwe #rial #vietnam #vietnamese #dong #economy #economic #economics #financial #money #reforms #exchange #rate $ #$ #wwe
China's Yuan rate significantly lower against the U.S dollar
 
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China's central bank has announced a significantly lower daily reference rate for the yuan against the U.S dollar. This, is as the People's Bank of China attempts to make its exchange rate regime more competitive and market-oriented. Hu Yinan has more
Views: 266 CGTN Africa
People's Bank of China pegs RMB to various market forces
 
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China announced exchange rate reforms last year to make the yuan's value more market-driven. To make it even more responsive, the People's Bank of China announced Tuesday that it will now peg the yuan's value to a variety of market forces, including the previous day's inter-bank closing rate, market supply and demand, and price movements in other major currencies besides the U.S. dollar.
Views: 1025 CGTN America
China's Fixed Exchange Rate - ECON 332 Presentation
 
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Powerpoint Creation & Animation Credit - Melanie Petersen Audio Credit - Eric Neo Video Editing - Mitch Patterson Script Creation - Steven Li, Melanie Petersen, Eric Neo, Mitch Patterson
Views: 1398 Mitchell Patterson
Business Nightly: PH, China sign deal to set up peso-renminbi exchange
 
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There was much fanfare at the local currency market, as the Central Bank and Bank of China's Philippine unit signed a deal to set up a peso-renminbi trading platform. Finance chief Carlos Dominguez III is also advocating for a peso-yen trading exchange. Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews Instagram: https://www.instagram.com/abscbnnews #BusinessNightly #ANCNews
Views: 1425 ABS-CBN News
Head of the China People's Bank, comments on currency
 
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1. Wide of the forum 2. Close up shot of the Logo of the Forum, reading "The Banker, China" 3. The Head of the China People's Bank, Zhou Xiaochuan, walking onto podium 4. SOUNDBITE: (Mandarin) Zhou Xiaochuan, head of the China People's Bank: "China's exchange rate reform won't have much influence in reducing the US deficits, but the idea is that it is helpful to cut the US deficit, and not to worsen the deficit." 5. Cutaway of attendants 6. SOUNDBITE: (Mandarin) Zhou Xiaochuan, head of the China People's Bank: "This is our own decision only and it has been decided by China's socialist market. It is based on our economy, our development and our structural reform. It is a requirement of our reform, sustainable development and stability, it is not a result of discussion and consultation with others (countries)." 7. Cutaway of attendants 8. SOUNDBITE: (Mandarin) Zhou Xiaochuan, head of the China People's Bank: "Whether the Chinese exporters should use the way of thinking of the traditional system to run their business and face the new trend or should they decide to adopt a new 'market economy attitude' to face the new changes after the exchange rate reform, it's up to them. They should be able to realise what an opportunity and what a challenge it represents and make up their mind." Beijing - 22 July 2005 9. Wide of the exterior of China People's Bank 10. People's Bank File Beijing - 28 May 2005 11. Close up of stacks of Renminbi (RMB), the People's currency 12. Various of RMB on counting machine STORYLINE: Beijing's move to cut its currency's link to the U.S. dollar will do little to narrow huge American trade deficits with China, the head of the country's central bank has said. The remark came after American commentators said the decision, which could make Chinese low-priced exports more expensive, might help to repair U.S. Trade imbalances with China. "China's exchange rate reform won't have much influence in reducing the US deficits" Zhou Xiaochuan, governor of the People's Bank of China, said at a conference of bankers. It was the first time Beijing disclosed its reasons for the timing of the surprise announcement on Thursday. China's decision last week is said to the progress of Chinese financial reforms and the stable growth of the world economy. It was his first public comment since the surprise announcement on Thursday. The step followed years of lobbying by China's trading partners, who said the yuan was undervalued and gave Chinese exporters an unfair price advantage. Zhou said the decision was based on China's own economic needs - not foreign pressure. China abandoned its currency's peg to the US dollar on Thursday and immediately pushed up the currency's value by 2.1 percent against the dollar. In trading on Friday on China's tightly controlled foreign exchange market, the yuan strengthened to 8.11 to the U.S. dollar from the 8.277 level where it had been set for more than a decade. That meant one yuan rose in value by about one-quarter of a U.S. cent to 12.33 cents. The United States and European Union welcomed the change, which they hope will help their companies compete with a flood of low-priced Chinese goods that they say threaten thousands of jobs. The system restricts the daily movement of the yuan, but economists say that over the next two years, the currency could strengthen by 10 per cent to 15 per cent against the dollar. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/fbd6a9cd0626631631ffebd86a1f7273 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 50 AP Archive
China & USA Impacting Australian Dollar: Exchange Rate Update (July 16th)
 
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Australian Dollar Exchange Rate Update // Tariff changes between the US and China continue to affect currencies around the globe. Find out where the Australian dollar is currently sitting and where it could go next. 3-Minute Read - To read more about the forecasts from major Australian banks, you can read our article here: http://bit.ly/2AhS1bd. ***The mid market exchange rates, or actual exchange rates, were collected on Saturday July 14 at 11am. The average bank rates were calculated at the same time using publicly available website pages from Australia’s big four banks; Westpac, ANZ, NAB and Commonwealth Bank. ____________________________________________________________________ Subscribe here: http://bit.ly/2yrSi7B Facebook: https://www.facebook.com/TheCurrencyS... LinkedIn: https://www.linkedin.com/company/the-... Website: https://www.thecurrencyshop.com.au ____________________________________________________________________ Contact us: 1800 004 930 [email protected] ____________________________________________________________________ This video is for informational purposes only and is not to be construed as an offer to buy or sell any currency or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. You should consider whether any advice or recommendation in this research is suitable for your particular circumstances. The mid market exchange rates, or actual exchange rates, were collected from XE.com on Saturday July 14th at 11am. The average bank rates were calculated at the same time using publicly available website pages from Australia’s big four banks; Westpac, ANZ, NAB and Commonwealth Bank.
Views: 203 The Currency Shop
People’s Bank of China official discusses 'stable, strong' renminbi
 
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There is always a strong focus on the performance of China's currency, the renminbi, during the "Two Sessions". With US President Donald Trump and others claiming the Chinese currency is undervalued because of government manipulation, Yi Gang, deputy governor of the People’s Bank of China, the country's central bank, insisted Sunday that the currency's exchange rate was determined naturally. 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/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 309 CGTN
RMB Exchange Rate to Remain Stable in 2017: Central Bank Governor
 
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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
Bank governor on currency
 
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SHOTLIST ++QUALITY AS INCOMING++ 1. Wide shot of General Session of Global Fortune Forum in Diaoyutai State Guest House in Beijing 2. Audience 3. Governor of People's Bank of China Zhou Xiaochuan at the session 4. Wide shot with UPSOUND (English) Zhou Xiaochuan, governor of People's Bank of China: "The Chinese government now is moving towards a correct direction in the capital market's development and reform. " 4. SOUNDBITE (Mandarin) Zhou Xiaochuan, governor of People's Bank of China: "We have a firm direction (policy), regarding the question of RMB (renminbi or the yuan - the Chinese currency) exchange rate. And we are taking time to do the preparation works. We will not come out with any measures hastily. Our measures will only come out after we have done a good feasibility study." 5. Wide shot of general session 6. Zhou shaking hands with other participants 7. Wide shot of press conference given by participants from the general session 8. SOUNDBITE (English) Kevan Watts, Chairman, Merrill Lynch International Incorporated: "The fact is, this is a, the reality is the focus on the renminbi exchange rate from an economic and financial view is grossly overstated, as Stuart has repeatedly said. It is not the biggest issue in the world. There are many reasons why this has been raised, most of them are political, not economic or financial." 9. End of press conference STORYLINE: China's top banker said on Tuesday that his country won't make any move on the exchange rate of its currency, the renminbi (RMB) or yuan before the proper preparations and feasibility studies have been carried out. Governor Zhou Xiaochuan, governor of China's central bank made his remarks at the General Session of the Global Fortune Forum. His comments came the day after Prime Minister Wen Jiabao, rejected "outside pressure" over the currency, saying Beijing would decide on its own when to change its exchange rates. China's trading partners say the currency is undervalued by as much as 40 percent, giving Chinese exporters an unfair advantage. Foreign experts at the conference also said strong political pressures were being applied to force Beijing to deal with its currency value. However, the focus on the evaluation of RMB exchange rate is grossly overstated, said Kevan Watts, Chairman of the Merrill Lynch International Inc. Officials in Europe and the United States have been urging to China to revalue it currency to bring it in line with the dollar and euro. Some of the world's top business leaders are in Beijing this week for the summit focused on the growth and potential of Asia - especially China - and the challenges the region faces. Organisers said more than 800 people would attend from 432 companies. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/5234186087ee650cb47cda623f6ffaf1 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 28 AP Archive
Reaction to Chinese currency changes
 
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SHOTLIST 22 May 2005 1. Wide interior pan of Chinese bank 2. Electronic tote board showing latest foreign exchange rates 3. Close up on new Renminbi (yuan) value per 100 US dollars 4. Wide shot of People's Bank of China 5. Close up of bank sign 6. Cutaway Chinese flag 7. Wide shot of people looking at news headlines 8. Mid shot of same 9. Close up on news headline announcing unpegging of Renminbi (yuan) 10. Tilt down 24hr Automatic Teller Machine (ATM) branch 11. Man in ATM branch using machine 12. Money being dispensed 13. Close up of money being counted 14. SOUNDBITE (Mandarin) Ms Wei, Vox pop: "I think this is good news for Chinese people because when we travel abroad we will be able to buy foreign goods at lower prices." 15. SOUNDBITE (Mandarin) Mr Pan, Vox Pop: "We would like to see the exchange rate remain stable in the long term. We don't want to see the currency jump up and down like the stock market." FILE - 18 May 2005 16. Various shots of money counting by bank clerk STORYLINE China's decision to cut its currency's link to the US dollar could make its exports more expensive over time, giving a slight respite to foreign producers that are trying to compete with an avalanche of low-cost Chinese goods. But Chinese companies also could get a break as prices of imported oil and other raw materials fall. And a stronger currency would make foreign assets cheaper for Chinese buyers, possibly prompting more takeover bids like the one launched recently for US oil company Unocal Corporation. The decision to base the yuan's state-set value on a basket of foreign currencies such as the euro or the Japanese yen could see the yuan - also known as the renminbi, or "people's money" - rise in value as the dollar weakens against those currencies, dragged down by mounting US budget and trade deficits. A rise in the currency would push up the price of Chinese goods in dollar terms, heightening competition with other low-wage makers of shoes, clothes and appliances such as Bangladesh or Indonesia. Americans, Europeans and other foreign buyers would pay more for Chinese-made T-shirts and television sets, while Chinese would see imports get cheaper. A more favourable exchange rate also could prompt more Chinese tourists to travel abroad. The move has been widely welcomed by the world economy. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/9978c2c1d67ea46c4fca263ddb31a02f Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 185 AP Archive
Today USD dollar,Euro,Pound,INR,BDT currency exchange rate in Bangladesh Bank
 
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Views: 9428 Himun Official
One year after China’s exchange rate reforms
 
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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: 660 CGTN
Saudi Arabia Riyal Exchange Rate Today - india/sri lanka/philippine/china/iran/nepal
 
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Views: 309 life entertainment
PBOC: China will not use the exchange rate as a trade tool
 
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"We will not use the currency exchange rate as a tool to gain trade advantages, to boost our export, or to restore trade friction," said Yi Gang, the governor of the People's Bank of China (PBOC). #TwoSessions #RMB #China Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing Tiktok: https://m.tiktok.com/h5/share/usr/6593878228716666886.html?u_code=d1kab7mki4ai6e&utm_campaign=client_share&app=musically&utm_medium=ios&user_id=6593878228716666886&tt_from=copy&utm_source=copy Douyin: https://www.youtube.com/redirect?q=http%3A%2F%2Fv.douyin.com%2F8QTXhV%2F&redir_token=WkBScl40kZbx7ZwJ9M7QhhTjErx8MTU0NTcyMTg3N0AxNTQ1NjM1NDc3&event=channel_description
Views: 287 CGTN
15-12-01 China says can manage exchange rates after IMF currency basket inclusion
 
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Headline: China says can manage exchange rates after IMF currency basket inclusion Published (UTC): 2015-12-01 07:05:05 Length: 01:31 SHOTLIST ONLY, FULL SCRIPT TO FOLLOW Vice governor of the People's Bank of China says he's confident that the yuan inclusion as an IMF reserve currency will not destabilise its exchange rate. EDITORS PLEASE NOTE: CONTAINS FOOTAGE THAT WAS ORIGINALLY 4:3 SHOWS: BEIJING, CHINA (DECEMBER 1, 2015) (CCTV - NO ACCESS CHINA) (ORIGINALLY 4:3) 1. NEWS CONFERENCE IN PROGRESS 2. (SOUNDBITE) (Mandarin) VICE GOVERNOR OF THE PEOPLE'S BANK OF CHINA, YI GANG, SAYING: "If the basic exchange rate system doesn't change then we will unceasingly push forward our market reforms and systemic improvements." 3. (SOUNDBITE) (Mandarin) VICE GOVERNOR OF THE PEOPLE'S BANK OF CHINA, YI GANG, SAYING: (PART OVERLAID WITH SHOTS 4 AND 5) "We completely have the ability to maintain renminbi (yuan) exchange rate stability at a reasonable and balanced level. Will the renminbi (yuan) exchange rate devalue after joining the SDR? I think such concerns are unnecessary." SHANGHAI, CHINA (RECENT - NOVEMBER 27, 2015) (CCTV - NO ACCESS CHINA) (ORIGINALLY 4:3) 4. CARS DRIVING PAST THE BUND 6. VARIOUS OF PUDONG SKYLINE BEIJING CHINA (FILE - APRIL 8, 2011) (REUTERS - ACCESS ALL) 7. VARIOUS OF BANK EMPLOYEE COUNTING YUAN NOTES BY HAND 8. VARIOUS OF YUAN NOTES BEING PUT THROUGH NOTE COUNTING MACHINE 9. VARIOUS OF BANK EMPLOYEE COUNTING DOLLAR NOTES BY HAND 10. VARIOUS OF EURO NOTES BEING PUT THROUGH NOTE COUNTING MACHINE 11. VARIOUS OF BANK EMPLOYEE COUNTING POUND NOTES BY HAND STORY: TO FOLLOW Join to my Network: https://www.freedom.tm/Libre?rdr=1&via=javierduende117&n_id=283983&ref=javierduende117 DO NOT! I violate the Copyright of the content of my music and videos all material is taken from my network
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China's foreign exchange reserves remain stable
 
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China's forex reserves had been on the rise for 12 months before February's decline. The slight decline in February was caused by both the rise of the US dollar exchange rate index and the falling bond price index in the international market, Zhou Xiaochuan, Governor of the People's Bank of China (PBOC) said on Friday at a press conference about its policies on financial reform and development during the first session of the 13th National People's Congress (NPC) in Beijing. Economic fundamentals and a stable renminbi will keep China's foreign exchange reserves stable, according to Pan Gongsheng, Deputy Governor of the PBOC and head of the State Administration of Foreign Exchange. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 285 CGTN
Yuan's exchange rate to rise or fall 2% from daily peg
 
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Starting today, the daily trading range for the yuan is doubled, underlining the country's efforts to allow market to play a bigger role in its economy.
Views: 132 CGTN
CHINA: EURO CURRENCY REACTIONS
 
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Mandarin/Nat As Shanghai starts to list the exchange rate for the new euro currency, many people there are proceeding with caution over whether to keep their savings in U-S dollars or to convert to the new currency. Since the Chinese currency, the yuan, is not internationally tradable, Chinese hold onto eighty billion (b) U-S dollars in individual foreign currency savings. At the moment, caution is still the common attitude towards the euro among hard currency speculators, although the price of the new currency is slowly rising. People in Shanghai are closely watching their country's response to the new euro currency. China as a whole has immense foreign reserves: at 144 (b) billion U-S dollars, it is the second largest in the world. China is expected to start transferring some cash into the new European currency, which could boost public support for it. But the Bank of China, the country's biggest bank dealing with foreign exchanges, is not very keen on promoting the new euro because exchange rate risks have increased as international markets adjust to its inception. The bank has advised its clients to be careful in transferring current foreign currencies into the euro. Nonetheless, the launch of the euro has grabbed people's attention in Shanghai. Buying euros will remain beyond the reach of most Chinese, because their yuan currency does not trade internationally. But individuals who have bank deposits in U-S dollars are worried about the recent devaluation of the currency since the euro appeared. Many such bank customers are now considering changing some of their savings into euro. SOUNDBITE: (Mandarin) "I'm thinking about buying some euros to make my savings a bit diversified so that in case the U-S dollar is much devalued, the value of my saving can still be protected. This, I think, is the common psychology among people like me." SUPER CAPTION: Cai Mingling, U-S dollar saver For investors highly involved in the foreign exchange market, the response to the new currency has been a mix of interest and caution. SOUNDBITE: (Mandarin) "Of course, we welcome the appearance of euro, but we have to wait and see. Up to now, we can not tell how it is going to go." SUPER CAPTION: Mr. Shi, foreign currency speculator While the U-S dollar is the main force in the Chinese government's foreign reserves and individual foreign currency savings, the stability of the dollar is of great concern to both the government and investors. Officials for the Bank of China said there is much caution towards the euro. SOUNDBITE: (Mandarin) "We hope that every client of ours will hold a cautious attitude towards euro, because the international exchange market has been changing very fast. One should be very careful in his operation in speculation." SUPER CAPTION: He Qiancheng, Manager Foreign Currency counter, Bank of China, Shanghai Experts say the Chinese are interested in the euro because they are worried about devaluation of the U-S dollar in the future and are looking for another option. However, choices have always been hard to make. While providing more chances for people to protect the value of their savings and to make money in speculations, the launch of the euro appears to have caused more confusion. The dilemma now facing the people of China whether to stick with the U-S dollar or to join the bandwagon surrounding the launch of the new euro. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/d46a66087ca3c382570db77958b44db2 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 64 AP Archive
China's central bank official dismisses RMB concerns
 
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Yao Yudong, head of the Research Institute of Finance and Banking under China's central bank, dismisses concerns about RMB exchange rate fluctuation. Following the decision of the International Monetary Fund to include the RMB in its SDR basket, Yao said Chinese economy can offer more liquidity for the global market. Besides, many developed and emerging countries could search for investment from Chinese enterprises and banks, especially the Asian Infrastructure Investment Bank or AIIB.
Views: 233 New China TV
Currency Exchange Machine in China | How to use a currency exchange machine? | China Diaries
 
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I found this currency exchange machine in China in my hotel. This machine will help you save some time. If you don't want to exchange your currency through an agent because of some reason, you can use this machine to exchange your currency based on the Foreign Exchange rates at that time. Click here to watch the entire Info Bhandaar China Diaries series: https://goo.gl/Fn29QV Follow Info Bhandaar's Quora Blog to find articles on topics covered in our videos. Use this link to read them: https://infobhandaar.quora.com/ You can follow Info Bhandaar on the following social media pages: Facebook: https://www.facebook.com/infobhandaar Twitter: https://twitter.com/infobhandaar Instagram: https://www.instagram.com/infobhandaar Snapchat: @infobhandaar Logo designed by Parth Nagpal ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ
What is currency manipulation? | CNBC Explains
 
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President Trump has backtracked on calling China a currency manipulator, but what does it mean exactly? CNBC's Uptin Saiidi explains. ----- Subscribe to CNBC International: http://cnb.cx/2gft82z Like our Facebook page https://www.facebook.com/cnbcinternational Follow us on Instagram https://www.instagram.com/cnbcinternational/ Follow us on Twitter https://twitter.com/CNBCi Subscribe to our WeChat broadcast CNBC_international
Views: 131763 CNBC International
CCP Printing Money by the Truckload to Manipulate Foreign Exchange Rate
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews So far this year, the Chinese Yuan had dropped by about 3% in its value against dollar. On May 12, the Yuan depreciated by another 44 basis points to 6.1625 Yuan per dollar, which is the lowest in 8 months. Experts commented that the Chinese Communist Party (CCP)'s central banks are attempting to control the currency market. It keeps artificial control on exchange rates by holding a huge amount of dollars. To incite more exports, the CCP had been systematically depreciating the Yuan this year. However, after the truth about China's economic slowdown was known by the world, China's exports have seen no real improvement. Furthermore, the Yuan just kept on dropping and prices kept increasing in China as the CCP had printed a lot more money for foreign currency reserves. On May 12, the exchange rate of Yuan drops to about 6.16 per dollar, 44 basis points lower than the previous trading day. That was also its lowest point in 8 months. A Bloomberg analysis said that the Yuan had been dropping for four consecutive months, which is the worst slip seen through a several-month span in at least 7 years. This mainly results from investors worry that China's economic slowdown will get much worse, and the CCP's central bank is artificially depreciating Yuan. Hong Kong's South China Morning Post, reported that if the Yuan increases too fast in value, China's exports can hardly hit a 7.5% increase per year, which will lead to a major market deterioration in China. On the other hand, depreciation of the Yuan are just steps away from globalization of the currency. Gong Shengli, a Chinese financial think tank researcher, told NTD that, several years ago the CCP's central bank had restricted Yuan's exchange rates floating within 0.1% and 0.3%. Now the range has been eased to around 2%. Gong said; as exports dropped significantly, the CCP's central bank artificially called for a downturn of the exchange rates. Gong Shengli:"Currently the CCP is facing a dilemma. Depreciation of Yuan fails to create more exports, and appreciation will be a huge strike at Chinese companies. Without exports the whole state will earn much less. The biggest trouble with the Yuan is that the Yuan's exchange rates are not free to balance with other currencies as it is under artificial control." In this year's Canton fair, the overall export trading volume is only $31.6 billion, which drops by 10.9% compared to the previous year. In addition, investors mostly agree that depreciation of the Yuan has becomes a general trend and they are rushing to sell Yuan for dollars, which had further speeded up depreciation of the Yuan. This causes direct economic loss for Chinese companies' orders from foreign countries. US Treasury Secretary Jacob Lew said in his visit to Beijing that China should speed up its reform on exchange rates, and allow the Yuan to float more freely due to market factors. Ren Zhongdao, Chinese financial analyst:"The CCP's control on exchange rates is hurting both itself and others. The policy is bad for Chinese people and its trading partners. It is also damaging to the regime itself because the party printed too much money that hurts its own economy." In the first quarter of 2014, the CCP's foreign currency reserves reached 4 trillion dollars. In his recent visit to Kenya, Premier Li Keqiang admitted that huge foreign currency reserves is a huge burden on the CCP government, as it may stoke inflation and greatly cast pressure on macroeconomic control. The Epoch Times commented that the CCP was forced to begin the so-called "Economic Reform" in 1978, as it faced difficulties both inside and outside the state, especially a collapsing economy. After that, all levels of the CCP governments seek growth in GDP, exports and investment over everything else. They even sell land and manpower at low prices, pollute the environment and overuse natural resources simply to get more foreign currency reserves. Then the party glorifies itself via propaganda by showing that as the CCP's major "economic achievement". However, huge amounts of foreign currency reserves are causing economic loss for all Chinese. World Bank made a survey of 12,400 companies among 120 Chinese cities in 2005, and found that the net return of foreign companies in China is 22%, a shockingly high ratio. On the other hand, the return of US Treasury Securities held by the CCP is only 3%. China has thus suffered an economic loss of over $700 billion between 2008 and 2012. Since Yuan-to-Dollar exchange rate began to float in 2005, a stable appreciation of Yuan had attracted a huge amount of hot money, including the money transferred by the CCP bigwigs to overseas 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 349 ChinaForbiddenNews
World Insight— China exchange rate; Asia's billionaires 08/12/2016
 
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Views: 1327 CCTV English
China's Forex Reserve Declining Normal Phenomenon: Central Bank Governor
 
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The dropping trend in China's foreign exchange reserve is a normal phenomenon, the country's central bank said Friday. Zhou Xiaochuan, governor of the People's Bank of China, said at a press conference on the sidelines of the annual parliamentary NPC session. He said the foreign exchange reserve had seen fast expansion since 2002, which China deems to be unnecessary. Since the global financial crisis, capital flow from the developed countries implementing monetary easing policies to the emerging markets had surged significantly, Zhou said. The capital influx lacks stability and may flow back with the recovery of those developed economies, he added. "Under such circumstances, we can see China's foreign exchange reserve decline from two aspects. On the one hand, we can find out whether it is because we didn't act enough in terms of capital flow or relevant policies were not implemented strictly enough, if yes, we can make improvements. On the other hand, dropping of China's foreign exchange reserve is a normal phenomenon, because we don't want that much foreign exchange reserve, so decline by a certain degree will do no harm," Zhou said. "China still holds around three trillion U.S. dollars of foreign exchange reserve, it is the largest foreign exchange reserve stockpile in the world, much higher than the runner-up, so China sees no need in its policy-making to overreact, even if there are problems to be solved. Frankly speaking, there may be overreactions in some links, in that case we will straighten that out as soon as possible," the central bank governor said. To further the point, vice governor Yi Gang said China's proper use of foreign exchange reserve and keeping basic stability in the RMB exchange rate has benefited the world. "We followed market disciplines in the process of maintaining basic stability in the RMB exchange rate. The RMB exchange rate remains flexible, and such flexibility ensures the market signal to play its normal role," Yi said. Pan Gongsheng, another vice governor, said external assets held by market entities have been growing, showing an active change in holder structure of China's external assets. "Several years ago, external assets generated from official foreign exchange reserve accounted for 70 to 80 percent of the total. By the end of last year, external assets formed in official forex reserve and those held by market entities respectively accounted for 50 percent of the total," Pan said. China's outstanding forex reserve stood at a little more than 3 trillion U.S. dollars by the end of last month, down from near 4 trillion dollars in 2014, PBOC data showed. http://www.cctvplus.com/news/20170310/8045020.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
Bank of China Opens Renminbi Trade in U.S.
 
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Bank of China, one of China's main state-owned lenders, has opened up renminbi trade to American firms and individuals in a move that will strengthen the presence of the currency on the world front, the New York Times reports. The Bank of China announced on the website of its New York branch that trading firms and individuals could now open accounts in the Chinese currency. Currency trading in the renminbi was already possible at other banks, but the allowance by a state bank points to a shift in official policy. China started a renminbi settlement system in July that allowed cross-border trade in Hong Kong, but limited how much the currency could be exchanged. However, the yuan was made more flexible and is now allowed to move as much as 0.5% each day. The move by the country's central bank is a significant indicator that China is pursuing te strategy of initiating the renminbi as an international exchange currency. Robert Minikin, senior currency strategist at Standard Chartered in Hong Kong, said, "China sees the global financial system as too U.S.-centric and dollar dependent. That created issues during the financial crisis." He said China is moving away from dollar dependence: "Conditions are in place for sustained yuan appreciation against the U.S. dollar.'' Minikin predicts that the yuan will increase by 6% this year, to 6.20 renminbi per dollar. With concerns of high inflation in China, an appreciated yuan could help the country soften its imported inflation by making foreign goods less expensive.
Views: 565 FinancialNewsOnline