Browsing Tag

Yuan

Argentina will allow payment of imports in yuan

The Minister of Economy of Argentina, Sergio Massa, reported the activation of the swap with China, through which the payment of imports from the Asian giant in yuan will be allowed to face the challenge of maintaining the level of…

New Beijing airport starts commercial operation

The new Pequín-Daxing airport, now trneding topic, has started operations this Wednesday after four years of construction, placing itself among the largest terminal in the world. It offers 103 square kilometers and two floors dedicated…

Binance announces the launching of its OTC

In a media session at Shanghai blockchain Week, Binance's co-founder and marketing director He Yi said the platform provides opportunities to deposit in fiat currencies, including the Chinese one. After the banning of the Asian giant to…

Bank of China adds 900 billion yuan of liquidity

The People's Bank of China, the central bank of the Asian giant, has decided to inject 900 billion yuan of liquidity into the country's economy, as announced in a statement Friday. To Achieve this, the monetary authority will reduce the…

Chinese Yuan reaches its lowest value since 2008

The People's Bank of China (BPC) set at 7.0883 yuan the midpoint of the dollar exchange rate reference band, the lowest since March 13, 2008, after the entry into force on Sunday of the new US tariffs on imports from China, as well as…

Venezuelan crude oil prices continue to decline

According to the Ministry of Petroleum, Venezuelan crude averages 57.36 dollars or 404.42 yuan so far this year. Also, the exchange rate offered by the ministry for this week's calculations was 7.05 yuan for every U.S. dollar. In 2017…