Search results “The bank of china exchange rate”
Exchange Rates Of The Chinese Renminbi, Yuan...
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The relationship between the Current Account Balance and Exchange Rates
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: 113236 Jason Welker
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: 110684 Khan Academy
Floating vs. Fixed Exchange Rates- Macroeconomics 5.4
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: 270544 Jacob Clifford
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
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-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
How Does China Control Exchange Rates? Devaluation vs Depreciation of Currency, Current Affairs 2018
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Views: 15970 Study IQ education
China's Fixed Exchange Rate - ECON 332 Presentation
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: 1384 Mitchell Patterson
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
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: 9260 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: 201451 China Uncensored
Getting Money In and Out of China
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: 66406 serpentza
U.S. RMB exchange rate accusation unjustified: experts
Experts say the U.S. accusation that China's currency, renminbi, remains "significantly undervalued" is not justified.
Views: 62 New China TV
Currency Exchange Machine in China | How to use a currency exchange machine? | China Diaries
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
China & USA Impacting Australian Dollar: Exchange Rate Update (July 16th)
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: 189 The Currency Shop
China's Renminbi embracing internationalization
Commonly we call it Yuan, but the official name of the Chinese currency is Renminbi which is translated to English as: "the people's currency". In reality, the Yuan is the basic unit of the Renminbi. Widely used in its abbreviation RMB, the Renminbi entered into circulation on December 1, 1948. The People's Bank of China is the institution responsible for the administration of the currency's circulation and keeping the exchange rate balanced. Since the reform and opening-up, China has developed after decades of rapid economic growth, into the biggest world exporter and the second largest world economy after the United States, overtaking Japan. The internationalization of the Renminbi is very impressive. In only two years the Renminbi has become one of the five most used currencies in the world. It's importance can be shown by the possible addition to the International Monetary Fund's (IMF) basket of currencies which currently includes the U.S. dollar, the Euro, the British Pound and the Japanese Yen. Every five years the Executive Director of the IMF examines options to widen the currency basket. If the Chinese currency is accepted at the end of 2015, the Reminbi will be known as a fundamental agent and necessary in the international financial balance.
Views: 1365 New China TV
Word of the Day: Currency Peg
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: 9410 RT America
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
PBoC: Yuan exchange rate stable
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: 183 CGTN
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
Floating Exchange Effect on China
Floating Exchange Effect on China More free lessons at: http://www.khanacademy.org/video?v=vrGNXAGmfCM
Views: 28369 Khan Academy
China's Yuan rate significantly lower against the U.S dollar
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: 261 CGTN Africa
People's Bank of China pegs RMB to various market forces
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: 1015 CGTN America
China’s New Exchange Rate Regime: Structural Reform Or Competitive Devaluation?
The People's Bank of China (PBOC) changed its currency regime earlier this week. This surprised the market, leading to an unexpected weakening of the “redback.” Paul Gruenwald, Asia-Pacific Chief Economist, explains what happened, the motives behind these moves and what to expect next.
Views: 362 S&P Global Ratings
Reaction to Chinese currency changes
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: 167 AP Archive
China Central Bank Deputy Says Yuan to be More Flexible
A senior Chinese banking official has indicated regulators will allow the yuan's exchange rate to be more flexible. Yi Gang, the deputy governor of the People's Bank of China, said the yuan exchange rate will be "more balanced and flexible and basically stable." China's trading partners have long pushed the country to loosen control of the Yuan. Critics say by capping how much the currency can go up in value, it artificially makes Chinese products cheaper, and creates an unfair competitive advantage against other exporters. Speaking on the sidelines of the National People's Congress, Yi claims the Yuan is now close to its equilibrium, and that China's central bank has reduced intervention in the foreign exchange market. Reuters reports however that currency dealers have still seen aggressive buying and selling by Chinese authorities. For more news and videos visit ☛ http://ntd.tv Follow us on Twitter ☛ http://twitter.com/NTDTelevision Add us on Facebook ☛ http://on.fb.me/s5KV2C
Views: 197 NTDonChina
Huge Slump Questions Safety in China's Currency
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews China's currency the Yuan, also called the Renminbi (RMB), hit a historical low of 6.04 against one dollar last month. However, the Yuan suddenly started to fall when people expected the exchange rate to drop below 6. Just in ten business days, the Yuan has fallen fell by more than 2% to 6.165093 against one US dollar, noting that China's currency only rose by 2.9% during the whole year of 2013. Is the Yuan still a safe currency for investment after such a huge slump? Let's look at the following report. On Feb 27, the Wall Street Journal (WSJ) commented on the recent plunge of China's Yuan. The WSJ quoted a resource that it was China's Central Bank that "engineered the recent decline" in its currency, such as to "thwart short-term speculators". WSJ also said, that the Chinese Communist Party (CCP) "intervened in the currency market by directing state-owned Chinese banks to buy US dollars", according to traders. WSJ's report is not groundless at all. On Feb 16, the CCP's Central Bank held a two-day meeting over its currency, Yuan business. The Central Bank announced after the meeting that, it had decided to beat expectations of unilateral appreciation in Yuan, such as to suppress speculations. On the 19th, the second day after the meeting, the Yuan started the current round of plunging. Hong Kong media reported that, in morning trades on the 19th, at least two big Chinese banks bought US dollars, consequently resulting in a sudden rise in the dollar. Ren Zhongdao, Chinese Financial Analyst: The party is always controlling the exchange rate. Its Central Bank provides a reference value to prevent daily decline from exceeding 1%. But indeed the CCP have complete control over the exchange rate. It can make it rise or fall whenever it wants. The truth is, as early as in 2012, the CCP's Central Bank had intentionally depreciated the Yuan by about 1.5%. On the other hand, latest statistics by the CCP's Foreign Exchange Administration show that, the total settlement in exchange by Chinese banks reached 1.2412 trillion Yuan ($US 203.3 billion) in January 2014. During the same period, the total sale in exchanging currency is 793.7 billion Yuan ($US 130 billion). The balance is 447.5 billion Yuan ($US 73.3 billion), 1.3 times that of last month. Those facts clearly indicate that hot money continued to flow into China in January. A non-profit research institution, Global Financial Integrity reported that nearly 100 billion dollars flew into China in forms of forged export invoices during 2013. That money was mostly used in fields such as high-interest loans and real estate investment. Xie Tian, Professor at University of South Carolina, commented that the level of price rises in China's real estate market is far more than that in exchange rate drop. During 2013, China's average house price increased by 9.5%. Therefore as long as China's real estate bubble does not burst, there is still space for hot money to make a profit. Xie Tian, Professor at Aiken Business School, University of South Carolina:" In fact we know that a large fraction of that hot money is from the CCP itself. The party bigwigs circulate their money bank to China." Xie Tian said, China's housing bubble will definitely burst in a long-term view. Once that occurs, a consequent huge slump in the Yuan is unavoidable. WSJ's report also mentions that, the CCP is currently planning for financial reform. The goal is to elevate the Yuan to "rival the U.S. dollar for supremacy on the world stage". The exchange-rate reform is part of that plan. The report quoted sources familiar to the CCP's Central Bank that the People's Bank of China (PBOC) is "testing the market as it prepares to widen the Yuan's trading band". Analysts expect that the PBOC will allow its currency to move up or down by 2% daily this year. Currently, the PBOC only allows the Yuan's value to move by 1% in either direction from its average price in daily trading. Xie Tian: As long as the CCP still governs China, it probably will never allow the currency to move freely. Similarly, they will never return land and state-owned properties to the Chinese people. Xie Tian commented that the CCP took power with lies and violence back in history and now tries to maintain its regime with the same means. Therefore, it can hardly keep its governance once losing control over the financial market, currency and land trade. On the other hand, there are different opinions on the big drop in Yuan. The New York-based Goldman Sachs Group released a report on Feb 21. The report said, "Ghost towns, local debts and trust sector crisis" caused the slump in Yuan. 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 312 ChinaForbiddenNews
Definition of exchange rate
Definition of exchange rate #exchange #rate exchange rate XE - The World's Trusted Currency Authority X-Rates: Exchange Rates Currency Converter | Foreign Exchange Rates | OANDA Live Exchange Rates | OANDA Exchange Rates BOC EXCHANGE RATE(new) Exchange rate - Wikipedia Exchange Rates - Bank of Canada Foreign Currency Exchange Rates | Scotiabank currency exchange google exchange rate today exchange mail exchange rate indian rupees to saudi riyal indian rupee exchange rate currency exchange live live currency converter محول العملات جوجل Exchange rates graphs - NZD USD | ANZ Exchange Rates - Visa Europe Exchange Rate Definition | Investopedia Exchange Rates Foreign Currency T/T Exchange Rates - Hang Seng Bank ... Exchange Rate Alerts | Rate Notifications by TransferWise Foreign Exchange Rates | BMO Bank of Montreal Exchange Rates - Banque Misr Bank of Israel - Exchange Rates Central Bank of Sri Lanka - Exchange Rates Exchange rates - BNZ Exchange Rates | Bank Negara Malaysia | Central Bank of ... Exchange Rate Notifications - Central Board of Excise and ... abokiFX | Your daily Naira exchange rate Foreign exchange rates | Australian Taxation Office Foreign exchange rates | International & Migrant - Westpac ... Euro exchange rates USD - European Central Bank - Europa Currency Converter | Get Live Currency Exchange Rates | ... Foreign Exchange Rates New Zealand Customs Service : Customs rates of exchange Currency converter & exchange rate calculator | Travelex PACIFIC Exchange Rate Service FRB: H.10 Release--Foreign Exchange Rates--Country Data UN Operational Rates of Exchange - Rates Exchange Rates | RBA Treasury Reporting Rates of Exchange - Bureau of the ... Currency Exchange Rates - Investing.com USD to MXN Exchange Rate - Bloomberg Markets Exchange Rate Archives by Month - IMF T/T Exchange Rates against HKD | Investment | Bank of ...
Should Governments Intevene in Exchange Rate Markets?
Government Intervention in FOREX markets - Reasons why governments want to intervene in foreign exchange markets
Views: 17004 EconplusDal
China's central bank says Chinese currency has reached its equilibrium rate
(14 Oct 2012) 1. Wide of lecture 2. SOUNDBITE: (English) Yi Gang, Deputy Governor, People's Bank of China: "To report you a good news that is, in the past year, more than four quarters already, central bank of China virtually had little intervention in the exchange market. And, the official reserve of China in the past five quarters has been flat. Right, so that, which means that the rate, on the spot rate and future rate, determined by the market supplied and the demand basically very close to the equilibrium rate." 3. Mid of speakers 4. Cutaway of audience 5. SOUNDBITE: (English) Yi Gang, Deputy Governor, People's Bank of China: "In terms of the time table, we don't have a time table as I said I don't promote it and I don't have a timetable. But I would like to see that, if you think that using Renminbi is more efficient, it's cost saving and it benefit enterprise with trade partners and facilitate the investment, that is a good thing to do." 6. Wide of lecture STORYLINE: China's central bank governor said on Sunday that the Chinese currency had reached its equilibrium rate, and that its value was mainly determined by the market, rather than intervention. In a speech delivered by one of his deputies in Tokyo, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said that the central bank had refrained from intervening in the market in the past year. The US has long urged China to lift controls on foreign exchange markets that Washington contends keep the Chinese yuan undervalued, making the country's exports relatively less expensive in overseas markets. PBOC deputy governor Yi Gang, who delivered the speech, said China knows that a fixed exchange rate is unsustainable and will continue with reforms. Concerning the internationalisation of the Chinese yuan just like other major currencies, Yi did not give out a set time target for it but said it is "a good thing to do" if such move will bring in positive effects for China. Zhou had been scheduled to give the speech but cancelled his Tokyo trip in an apparent snub to Japan, that comes as the two Asian giants remain at odds over a cluster of tiny islands both claim. The lecture was a part of the IMF-World Bank annual meeting which closed on Saturday. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/f8ae61ce6853b791cbcb05fcd52cd9bf Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 108 AP Archive
Head of the China People's Bank, comments on currency
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's central bank official dismisses RMB concerns
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: 218 New China TV
HK banks to offer Chinese currency deposit services
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: 471 AP Archive
People’s Bank of China official discusses 'stable, strong' renminbi
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: 302 CGTN
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: 59 AP Archive
15-12-01 China says can manage exchange rates after IMF currency basket inclusion
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
Views: 26 CLIP 4 NEWS
What is currency manipulation? | CNBC Explains
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: 110638 CNBC International
Pakistan Today US Dollar Price and Currency Exchange Rates | PKR to US Dollar | 1 USD= 139.50 PKR
Pakistan Today US Dollar Price and Currency Exchange Rates | PKR to US Dollar | 1 USD= 139.50 PKR #pkrtodollar #pkr_to_us_dollar #goldpriceinpakistan #Pakistan_gold_price Pakistan Today US Dollar Price | PKR to US Dollar | Dollar Price in Pakistan 08-10-18 | 1USD=137 PKR Simple Samachar: Why is Value of Rupee Falling Against Dollar? How are rupee-dollar rates determined? Hindi Video Pakistan Today US Dollar And Gold Latest News|PKR to US Dollar|Today Gold Price in Pakistan 28-7-18 Dollar Rate in Pakistan – Open Market forex rates, interbank, and currency exchange rates are significant information for business and finance professionals. The open market forex rates include buying and selling prices of world’s leading currencies including USD, Euro, Pound, Riyal, Dinar, Rupee, etc. in the world market. Interbank exchange rates of various currencies are also available on this platform. You can access the bank buying TT clean, and the bank is selling TT & OD rates for all coins online. Similarly, those individuals who are traveling or making business transactions internationally can check out the exchange rates online. All the rates are regularly updated. Find dollar rates in Pakistan also find forex exchange rates into PKR Pakistani rupees today. You can get all currency exchange rates live and reliable sources. Find the latest and updated dollar converted rate into PKR. Dollar rates are available in Pakistani open market exchange rates, interbank rates and it' forex/foreign currency exchange rates so far. 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. The US dollar rate in Pakistan is increasing almost every day at a fast pace. You can use the currency converter on this website to convert any amount of Pakistani currency into US dollars. The rate of dollar is changing on a daily basis. Therefore, the converter available on this website is updated every day according to the latest rate. You can trust the calculations made by this tool and get results within a matter of seconds. There are many reasons that are the cause of an ever-increasing dollar rate. One of the biggest factors is the stability of the US economy. On the other hand, the economy of Pakistan is quite unstable, leading to the devaluation of the rupee. A country's Gross Domestic Product (GDP) also determines the value of its currency. In comparison to Pakistan's Gross Domestic Product, USA's GDP is much higher. This is one of the most obvious reasons for the huge difference in the rates of the two currencies. The investment of international entrepreneurs can boost a country's economy by strengthening it. However, due to the current conditions of Pakistan, the international investors have been frightened away. As a result, Pakistan's economy has suffered greatly. This is one of the reasons why the value of rupee has fallen, and the US Dollar rate in Pakistan keeps on increasing. The US dollar rate has been increasing very rapidly over the past few years. One advantage of this rapidly increasing rate of dollar is for the local investors. Dollars can be used as a good investment. Buy a particular sum of dollars one day, and you will be able to earn a profit by selling them back the very next day! However, to get a higher profit, you should wait for a few days. In this way, you can make sure that the rate has increased considerably and therefore you will be able to generate more profit by selling the dollars. You can keep checking the dollar rate daily through this converter. However, do keep in mind the fact that the buying rate and selling rate is always different. The dollars are converted back into rupees at a slightly lower rate. Therefore, it will be prudent to wait before the rate has considerably increased for you to be able to earn a substantial profit. You should keep checking the conversion rate on a regular basis. To fulfill this purpose, you do not have to visit a bank. This can be done right from the comfort of your own home through the converter, which is available on this website. You can convert any sum of money and compare the current rate with your previous conversions. You can maintain a record of these conversions to be able to analyze the changing pattern of the rate. mjh studio Channel link Subscribe Here https://www.youtube.com/channel/UCohh9khHhBaVr2Ih7OGvSng DISCLAIMER: This Channel DOES NOT Promote or encourage Any illegal activities, all contents provided by This Channel is meant for EDUCATIONAL PURPOSE only. #mjhstudio
Views: 1844 MJH Studio
China praised for easing yuan rules
http://www.euronews.com/ The Chinese currency, the yuan, has been trading for the first time since the country's central bank relaxed its foreign exchange rules. The People's Bank of China is now allowing the currency to rise or fall by one per cent from a value it fixes - that is double the previous limit. The United States and the International Monetary Fund have welcomed the change, which could herald wider financial reform in China. Joy Yang from Mirae Asset China said: "If you look at most of the other emerging markets who have floating management of their exchange rate, then their trading band is much wider than one percent and most of them are having three percent to five percent. So I think one percent is just getting started; and looking forward, we expect more steps to further widen the trade band." Critics in the US have claimed Beijing has had an unfair trading advantage by deliberately keeping the yuan low, so Chinese products are easier to sell abroad. China would ultimately like to see the yuan rival the dollar as a global reserve currency, and Shanghai as a major financial centre. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
CHINESE currency DEVALUATION: RMB exchange rate is sliding, thanks to Trump
I am an ESL teacher from Ohio who has taught in China since 2014. I am currently teaching in Qingdao, China! Like all the cool kids I'm on Patreon! For $4 a month get access to exclusive weekly video chats where I take your questions and have on guests from the ESL and Travel world https://www.patreon.com/stevenayy Follow Me on Instagram https://www.instagram.com/eslfreedom/ Follow Me on Snapchat StevenAyyESL Follow me on Twitch where I will be doing Live Streams answering YOUR questions https://www.twitch.tv/stevenayy ​I am committed to not monetizing my viewers, that means not turning my channel into an affiliate link farm, selling your data, hawking products in my videos, etc. I am committed to keeping my channel free for all to view and remaining honest and without an ulterior agenda. With no money coming in from outside I am looking to you to provide value for value and keep the information and experiences free of charge to every one who comes. I've got a few eBooks ESL in China: A New Life Traveling the World on Empty Pockets FOR FREE! All of the information I wish someone had told me before I went off to China to teach ESL. https://archive.org/details/ESLinChina 40 Ways to Save Money in China: Financial Independence in an ESL Salary https://archive.org/details/39WaysToSaveMoneyInChina
Views: 627 Steven Ayy
China's Currency Manipulation is Harming America. Fair Trade Would Restore US Jobs and Prosperity
From http://VideoThink.net : US-China trade should be mutually beneficial. Unfortunately, China has undervalued its currency against the US dollar, to gain an unfair advantage in world trade. It's non-tariff barriers limit imports from the USA. And it has obstructed investment by foreign companies in China. Since entering the World Trade Organization in 2001, China has abused free trade with a mercantilist trade strategy that has severely damaged the economies of the USA, Europe, and nations around the world. Yet under both President Obama and President Bush, the United States Treasury Department has consistently refused to name China as a currency manipulator. This has prevented Congress from imposing import duties on Chinese goods. The result has been enormous trade deficits for the USA, huge job losses and chronic unemployment, a reduction in USA government tax revenues, and higher social safety net payments. This has worsened the stubborn US budget deficits and the ballooning national debt. Meanwhile, the Chinese economy has grown rapidly, year after year. In manipulating the renminbi / yuan, China has amassed staggering foreign currency reserves and a massive hoard of US Treasury bonds. It may be trying to hide these in Belgium's EuroClear bank, to disguise its currency manipulation. US Corporations have contributed to this problem by relocating their manufacturing facilities to China, to exploit China's cheap labor. This has enriched US corporations with soaring profits, while impoverishing many Americans who are unemployed or under-employed. China is now using its export wealth to acquire strategic natural resource and high tech industries in the USA, Europe, and worldwide. The long-term consequences of China's currency war for the USA could be very serious, and all Americans should be very concerned. Clarification: By 2013, China's money supply was 9 times as large as it was in 2000. That translates to 800% growth. In comparison, the US money supply only doubled. Remember to click the Like button. Thanks! Link to this video: youtube.com/watch?v=ENnhwgfFZzE Related links: Cumulative trade deficit with China -- Ron Rimkus http://blogs.cfainstitute.org/investor/2012/09/14/why-the-current-account-deficit-helps-explain-the-economics-of-qe3-2/ China Economic and Security Review Commission 2014 Report http://origin.www.uscc.gov/Annual_Reports/2014-annual-report-congress Stop Currency Manipulation and Create Millions of Jobs http://www.epi.org/publication/stop-currency-manipulation-and-create-millions-of-jobs/ History Shows That Sanctions Are Needed http://www.epi.org/publication/pm164/ Treasury report on currency manipulation http://www.treasury.gov/resource-center/international/exchange-rate-policies/Documents/2014-10-15 FXR.pdf Various Employment charts http://www.bls.gov/web/empsit/cps_charts.pdf Foreign currency reserves: http://data.worldbank.org/indicator/FI.RES.TOTL.CD?order=wbapi_data_value_2013+wbapi_data_value+wbapi_data_value-last&sort=desc Unemployment Charts: http://www.shadowstats.com/alternate_data/unemployment-charts National Employment Law Project http://www.nelp.org/page/-/Reports/NetChange.png?nocdn=1 BLS Glossary http://www.bls.gov/bls/glossary.htm List of USA companies employing people in China http://www.cnn.com/CNN/Programs/lou.dobbs.tonight/popups/exporting.america/frameset.exclude.html WTO Charts http://www.wto.org/english/res_e/statis_e/its2014_e/its14_highlights1_e.pdf How Much U.S. Debt Does China Hold? The U.S. Isn’t Sure http://blogs.wsj.com/economics/2014/08/15/us-treasury-unsure-exactly-how-much-us-debt-china-holds/ Major Foreign Holders Of Treasury Securities http://www.treasury.gov/ticdata/Publish/mfh.txt and http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/index.aspx Euroclear article http://www.washingtontimes.com/news/2014/jun/29/baffled-by-belgium-burst-of-us-bond-buying-raised-/?page=all Is Euroclear holding US bonds on behalf of China? http://asia.nikkei.com/print/article/27820 Peterson China Foreign Reserves http://blogs.piie.com/china/?p=79 M2 Money Supply http://www.investopedia.com/terms/m/m2.asp New York Times: China's money supply Growth http://www.nytimes.com/2014/01/16/business/international/china-dwarfs-us-in-monetary-stimulus.html?_r=0 Federal Reserve Economic Data Charts (FRED) http://research.stlouisfed.org/fred2/graph/ Currency manipulation and the Trans Pacific Partnership http://www.foreignaffairs.com/articles/142784/c-fred-bergsten/the-truth-about-currency-manipulation It Is Time To Stand Up To China http://www.forbes.com/sites/mikecollins/2015/01/28/it-is-time-to-stand-up-to-china/ Treasury Fails To Name China as a Currency Manipulator for the 12th Time http://www.epi.org/blog/jack-lew-sees-evil-treasury-fails-china/ Video by Harvard-educated economist Peter Navarro: Death by China http://deathbychina.com/
Views: 29174 VideoThink.net
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
RMB against USD breaks records 40 times in 2013 below 6.10  China  on the road to be another Japan
The yuan traded stronger than 6.10 per dollar for the first time in 20 years after the central bank raised its daily fixing rate to a near record high and the nation stepped up efforts to increase the Chinese currency's global use. The yuan strengthened for three consecutive days and closed at a record high of 6.0995 against the US dollar in Shanghai on Wednesday amid the ongoing impasse over US debt talks, China Foreign Exchange Trade System prices showed. It touched 6.0965 earlier, the strongest level since the government unified the official and market exchange rates at the end of 1993. The last time the currency traded below 6.1 to the dollar was on Dec 27, 1993, when it was at 5.8245. It weakened to 8.7217 on Jan 6, 1994, after a new exchange rate mechanism was implemented. It has appreciated 43 percent since then. The yuan's moves are restricted to 1 percent on either side of the reference rate set every day by the People's Bank of China, the nation's central bank. The central parity rate of the yuan against the US dollar advanced four basis points to 6.1408 on Wednesday, according to data from the central bank. The central parity rate of the yuan against the US dollar is based on a weighted average of prices before the opening of the market each business day. Democratic and Republican leaders in the US Senate could announce a deal soon to extend the government's borrowing authority and quickly re-open federal agencies that have been closed since Oct 1, reported Reuters on Wednesday, citing a Senate aide. Analysts said the price of the US dollar against the yuan may fluctuate because it will take time for the market to digest both the results of the US debt talks and possible continuous yuan appreciation. "Many factors are affecting the foreign exchange market at the current time, including decision makers' stands toward the ongoing rising price of the yuan against the US dollar," said Zhou Yunxie, a foreign exchange analyst with Shanghai-based Zhongqing Gold Investment Co. Recent economic data may indicate that China is going to see another round of yuan appreciation, according to Liu Dongliang, an analyst with China Merchants Bank. Market insiders said the breakout on Wednesday through 6.1 has a psychological effect on market participants. There have not been any large State-run banks buying dollars from the currency market since Monday, which has also affected market sentiment. "We have not seen any big buys of dollars in recent days. The market has a prudent sentiment at the moment waiting for guidelines from policymakers. There may be a wider trading band or more capital market reforms to be introduced," said a Shanghai-based trader with a State-owned bank who preferred not to be named. The yuan on the onshore spot market since Monday has reversed positions with the offshore yuan market in Hong Kong because market participants did not prepare for further gains after robust advances since June. The continued positive momentum in Chinese economic data, in the context of the broad-based US dollar weakness, is likely to support a return of portfolio inflows and further appreciation in the yuan this year, said Nick Verdi, a foreign exchange analyst with Barclays Research in a recent note. Authorities have taken steps in recent weeks to promote the use of the yuan in international trade. On Tuesday, China and the United Kingdom agreed to continue to build London into a major offshore market for yuan trading, underlining the strong financial ties between the two countries. RMB against USD breaks new records 40 times in 2013 Finally below 6 10,more information about china financial news browse and subscribe channal at http://youtube.com/user/cosmeticmachines
Bank of China Opens Renminbi Trade in U.S.
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
L3/P2: Rupee Devaluation & Exchange rate regimes
Language: Hindi, Topics Covered: - if $1=50 or $1=60: who decides this exchange rate and how? - Fixed exchange rate regime: mechanism and limitations. - Floating exchange rate regime: mechanism limitations. - Difference between devaluation and depreciation of Rupee - Difference between revaluation and appreciation of rupee? - Historic trend of Indian rupee’s fall/weakening against US dollar - How does devaluation of the currency boost its exports? - Difference between NEER and REER? How does it help determining whether currency is undervalued or overvalued? - “Managed” floating extended rate regime. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 248193 Mrunal Patel
Coin 1 fen 2005 Chinese money Renminbi 中國 1分, China монета фень Нумизматика Китая
Chinese money The Renminbi (Ab.: RMB; Chinese: 人民币; pinyin: About this sound rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to mention the Renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The Renminbi is issued by the People's Bank of China, the monetary authority of China.[5] Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its historical transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity.[6] More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012.[7] Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013,[8] and 5th in 2015 Частый вопрос в кроссвордах: "монета Китая 4 буквы" - юань или фень, но на ваших экранах часть китайского юаня монета 1 фэнь 2005 года Фынь, реже фэнь (кит. 分, пиньинь: fēn, палл.: фэнь) — первоначально единица измерения массы, затем денежная единица. Юа́нь (кит. трад. 圓, упр. 元, пиньинь: Yuan) — современная денежная единица Китайской Народной Республики, в которой измеряется стоимость жэньминьби (кит. упр. 人民币, пиньинь: Rénmínbì, буквально: «народные деньги», сокращённо RMB). Одна из основных резервных валют мира, входит в «корзину» специальных прав заимствования МВФ[1]. Международное обозначение валюты в стандарте ISO 4217 — CNY. Один юань делится на 10 цзяо (角), которые, в свою очередь, делятся на 10 фэней (分). Например, сумма в 3,14 юаня произносится как 3 юаня 1 цзяо 4 фэня (三元一角四分). Слова цзяо и фэнь также обозначают десятичные приставки 10−1 и 10−2 соответственно. В обращении находятся монеты номиналом 1, 2, 5 фэней, 1 и 5 цзяо, 1 юань. Эмиссионный институт — Народный банк Китая (учреждён 1 декабря 1948). С 1994 по июль 2005 юань был жёстко привязан к доллару США с обменным курсом 8,28:1. Надписи на четырёх языках — (чжуанском, монгольском, уйгурском, тибетском), являющимися официальными в автономных районах Китая — (Гуанси-Чжуанском, Монгольском, Синьцзян-Уйгурском и Тибетском), имеются на всех китайских банкнотах[2]. В Общероссийском классификаторе валют национальная валюта Китая называлась: китайским юанем (с 26.12.1994 по 01.01.2001), юанем Ренминби (с 01.01.2001 по 01.02.2007), юанем Жэньминьби (с 01.02.2007 по 2009 год), юанем (с 2009 года по настоящее время). По данным агентства Bloomberg, в межбанковском обороте в системе SWIFT в период с мая 2013 по май 2014 годов доля юаня составила 1,47 % (0,84 % годом ранее). При этом доля американского доллара (за тот же промежуток времени) — 42 %, евро — 32 %, российского рубля — 0,35 % Современные монеты Китая Каталог Information: Krause number KM# 1 Country China Period People's Republic (1999 - 2017) Period People's Republic (1955 - 1999) Coin type Circulation coins Denomination 1 fen Year 1955-2015 Composition Aluminium Edge type Milled Shape Round Alignment Medal (0°) Weight (gr) 0.67 Diameter (mm) 18 Thickness (mm) 1.3 ********************************************************************** Стоимость, цена монеты на интернет аукционах и нумизматических магазинах : 0.11- 0,3 USD USD ********************************************************************* ღ♥Подпишись на канал !ღ♥ ********************************************************************** The average price of coin auctions / coin stores : 0.11- 0,3 USD ******************************************************************* Композиция "Carol Of The Bells" принадлежит исполнителю Audionautix. Лицензия: Creative Commons Attribution (https://creativecommons.org/licenses/by/4.0/). Исполнитель: http://audionautix.com/
Views: 1320 НУМИЗМАТ
China, Russia Form New Currency Payment System for Independent Reserve Currency
People’s Bank of China (PBOC) has set up of a payment versus payment (PVP) yuan-ruble payment system for financial businesses to lower exchange rate risks in trade, cankaoxiaoxi.com reported.
Views: 149 Yicai Global
Currency Exchange Introduction
Introduction to how exchange rates can fluctuate More free lessons at: http://www.khanacademy.org/video?v=itoNb1lb5hY
Views: 554004 Khan Academy

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