CNY (RMB) 02 (Feb 16 - Dec 25)

[behappyalways]

France Buys 65,000 Tons Of LNG From China In First Ever Yuan-Denominated Trade
https://www.zerohedge.com/markets/franc ... ated-trade

[behappyalways]

Brazil announced that it will trade with China in "RMB"! The Middle East is the first to use RMB for settlement. Beijing is trying to shake the dollar's international currency hegemony

拋棄美金大腿抱好抱滿? 巴西宣布與中國用"人民幣"交易! 中東首創使用人民幣結算 北京試圖撼動美元在國際上的貨幣霸逐地位｜記者 林芷綺｜【國際大現場】20230331｜三立新聞台

https://m.youtube.com/watch?v=OJ4xYVoYFUw

[winston]

Currency intervention has largely ended, says Yi Gang

Beijing has largely ended regular foreign-exchange intervention and pursues a policy aimed at enhancing the ease of use of the yuan for Chinese households.

Chinese individuals can exchange as much as US$50,000 (HK$390,000) a year into foreign currency, and 99 percent of them don't use up that quota, Yi said. That means the quota isn't imposing a constraint.

Source: Bloomberg

https://www.thestandard.com.hk/section- ... ys-Yi-Gang

[behappyalways]

Pakistan Wants To Pay In Chinese Yuan For Russia's Crude Oil
https://www.zerohedge.com/geopolitical/ ... -crude-oil

[behappyalways]

Offshore #Yuan #CNH weakens further to break through 7.1/dollar mark and hit 7.1028 at one point.

The onshore yuan #CNY is trading at 7.0929.

https://twitter.com/YuanTalks/status/16 ... 6646191106

[behappyalways]

Yuan Tumbles To 2023 Low After Chinese Exports Collapse Amid Speculation Unrigged Numbers Are Much Worse
https://www.zerohedge.com/economics/yua ... ed-numbers

[behappyalways]

China steps in to stem yuan slide, shore up confidence
https://www.reuters.com/markets/currenc ... 023-06-27/

[behappyalways]

#China rapid change of mind! Defend the #RMB!

https://twitter.com/crossbordercap/stat ... 4882217985

[winston]

Could China go ‘nuclear’ and devalue its currency to boost ailing recovery?

Devaluation is a common temptation for major trading nations such as China, despite the risk of starting currency wars and angering trading partners

A recent report argues that devaluing the yuan could bring major benefits and spur Beijing and others to experiment further

by Anthony Rowley

Source: SCMP

https://www.scmp.com/comment/opinion/ar ... g-recovery

[behappyalways]

Beijing Bullies Banks Into Buying Routed Renminbi
https://www.zerohedge.com/markets/beiji ... d-renminbi