China’s renewed push for yuan internationalization is aimed at multipolarity, rather than replacing the dollar as the preeminent global currency, said Teneo.

A Chinese bank teller counts stacks of hundred yuan notes at a local bank in Beijing on May 15, 2006. At least 40 high-risk Chinese banks have been lost to mergers in the first six ...

The yuan — also known as the renminbi —has been declining for months despite interventions by China’s central bank. The offshore yuan—which trades overseas—plunged to a record low of 7. ...

A new e-CNY foreign exchange machine is China's latest bid to court tourists to its tropical southern vacation hotspot Sanya, on Hainan island, by allowing people to exchange 20 currencies for ...

China’s central bank chief has called for a shift from dollar dominance toward a multi-currency system led in part by the ...

SHANGHAI (Reuters) - China's central bank has injected 800 billion yuan ($110.32 billion) into its banking system during March through an outright reverse repurchase tool, the bank said on Monday.

Chinese central bank commits to ensuring stability of yuan exchange rate RMB shows overall resilience among non-US dollar currencies By Ma Jingjing Published: Jan 13, 2025 11:18 AM ...