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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) ...
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: 160 The Currency Shop
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: 109661 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: 2391 ForexConspiracy
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: 111439 Jason Welker
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: 1457 Brookings Institution
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: 1788 CGTN Africa
Germany Central Bank Adding China Yuan to Currency Reserves! Currency W.A.R Is On!
 
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Views: 7068 The Money GPS
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: 64745 serpentza
Currency Exchange Rate Comparisons - Philippines
 
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Won-Dollar Exchange Rate
 
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[Anchor Lead] The exchange rate between the Korean Won and U.S. Dollar has plunged to its lowest level in three months in the wake of Donald Trump's inauguration, putting Korean businesses on high alert. Let’s find out more. [Pkg] The won-dollar exchange rate, which rose three won the previous day, nosedived 12 won as soon as the market opened. Although the market managed to buffer the plunge, the won-dollar exchange rate closed at 1,158 won per dollar, the lowest level in 83 days. [Soundbite] Seo Jung-hoon(KEB Hana Bank) : "The currency exchange rate soared on the strong dollar, but then all of a sudden plummeted rapidly." The higher value of the Korean currency is a stumbling block for export businesses, because it inevitably undermines price competitiveness. Analysts say that a decrease in the exchange rate by just a hundred won results in quarterly losses of hundreds of billions of won for major manufacturers such as Samsung Electronics. [Soundbite] Lee Chang-seon(LG Economic Research Inst.) : "If the U.S. goes for protectionism and the foreign currency fluctuations intensify, businesses will have a hard time predicting the future, while export conditions will deteriorate." If Chinese exports to the U.S. hit a snag due to the escalating currency war between the two nations, Korean exports of intermediary materials to China will inevitably suffer a blow.
Views: 269 KBS News
Exchange Rates Of The Turkish Lira...
 
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Official Exchange Rates Of The Turkish Lira... (Information Source: The Central Bank of Turkey) USD/TRY EUR/TRY JPY/TRY CNY/TRY RUB/TRY Currency exchange rates in Turkey... Официальные курсы турецкой лиры ... Türk Lirasının resmi döviz kurları... Türkiye Cumhuriyeti Merkez Bankasının resmi döviz kurları... Dolar, Euro, Yapon İyeni, Çin Yuanı ve Rus Rublesinin fiyatları... Merkez bankasının dolar ve euro kuru... Türk pulunun mezennesi... Offizielle Wechselkurse der Türkischen Lira ... أسعار الصرف الرسمية لليرة التركية ... तुर्की लीरा की आधिकारिक विनिमय दर ... 土耳其里拉的官方匯率...... トルコリラの公式為替レート... Η επίσημη συναλλαγματική ισοτιμία της Τουρκικής λίρας ... Les taux de change officiels de la lire turque ... თურქული ლირას ოფიციალური გაცვლითი კურსი ... نرخ ارز رسمی لیره ترکیه ... Офіційні курси турецької ліри ... Normat zyrtare të këmbimit të Lira Turke ... Turkish banking... Обменный курс турецкой валют... United States Dollar (USD) to Turkish Lira (TRY) … Russian Ruble (RUB) to Turkish Lira (TRY) … Euro to Turkish Lira (TRY) … Japanese Yen (JPY) to Turkish Lira (TRY) … Chinese Yuan (CNY) to Turkish Lira (TRY) … Türkischer wechselkurs... Tipos de cambio oficiales de la lira turca ... Түркия лирасының ресми бағамдары ... Virallinen valuuttakurssit Turkin liira ... Званични курсеви турске лира ... 터키 리라의 공식 환율 ... Taxas de câmbio oficiais da lira turca ... Расмий алмашуу курстарынын Түрк лирасынын ... Официален курсове на турската лира ... A Török Líra hivatalos árfolyama ... Turk lirasining rasmiy narxi ...
Today USD dollar,Euro,Pound,INR,BDT currency exchange rate in Bangladesh Bank
 
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Today's video is related to the Update currency Exchange rate in Bangladesh. USD or us dollar rate, Euro rate, pound exchange rate, INR exchange rate, bdt currency exchange rate in Bangladesh Bank Most people don't know how to find Bangladesh currency and also search like this on google.com Us dollar to taka, pound rate in Bangladesh, today euro rate in Bangladesh, euro rate in bd, dollar rate in bd Google.com exchange rate https://goo.gl/XBYrw6 Bangladesh Bank exchange rate https://goo.gl/g5jYfU =============================================== Contact with Me For Technical Support Or Sponsorship ✉✉ Mail [email protected] ► FB Page http://www.facebook.com/himunch.2017 ►FacebookGroup::- https://facebook.com/groups/himunchakma/ =============================================== ►► আরও দেখুন ■ Create Youtube Channel https://goo.gl/sbZWFQ ■ YouTube A-Z https://goo.gl/Bxm5WX ■ 5 Ways to Earn Facebook https://goo.gl/kh5jr7 ■ Facebook Marketing Secrets https://goo.gl/csF9JV ■ 8000 TK https://goo.gl/TMK4bN ■ Per Work 50 TK https://goo.gl/1jpXph ■ Ipay 50 Tk free https://goo.gl/rLCNnc ■ Eken H9 CAMERA https://goo.gl/LuV428 ■ Lifetime income https://goo.gl/YYFpHQ ■ How much pay youtube https://goo.gl/gY3A7N ►►YouTube Related ■ My YouTube intro https://goo.gl/tet89S ■ Free YouTube Promotion https://goo.gl/QYAbgx ►►My Income Proof ■ 27890 Taka https://goo.gl/SCaQFw ■ 29000 TaKa https://goo.gl/rTKT16 ■ 2700$ https://goo.gl/ea4dr7 DISCLAIMER: This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! HimunChakma or send a message on this page and I'll see what I can do to answer it. Try to share my video on social media like facebook, twitter etc.Thanks for watching!
Views: 1515 Himun Chakma
Exchange rate intervention and sterilized intervention
 
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Recorded with http://screencast-o-matic.com
Views: 4999 Daniel Crowe
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: 182 CGTN
Trading in Chinese currency begins in Taiwan
 
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1. Close-up sign reading Chinese Yuan in Chinese characters 2. Wide of foreign exchange rates board 3. Various shots of Chinese Yuan notes being counted by counting machine 4. SOUNDBITE (Mandarin): Wang Wen-lung, Deputy general manager of foreign department of Mega International Commercial Bank: "If we receive counterfeit notes of Chinese Yuan worth under US Dollars 200, our bank will confiscate the notes. If the value is over USD 200, we will call the police." 5. Close-up one counterfeit and one genuine Chinese Yuan note 6. Wang pointing out differences 7. SOUNDBITE (Mandarin): Wang Wen-lung, Deputy general manager of foreign department of Mega International Commercial Bank: "Once the Chinese mainland tourists come in, there will be more banks which offer this exchange service. Then it will help decease our costs. In that case, the exchange rate will decrease too." 8. Tilt down from sign reading "Currency Exchange" to money counting machine 9. Close-up Chinese Yuan bill 10. Tilt down sign showing domestic flight details to foreign exchange counter 11. Foreign Exchange sign reading "Chinese Yuan exchange" in Chinese characters STORYLINE: The Chinese Yuan was on Monday officially available for exchange in Taiwan's local banks, paving the way for the arrival of mainlanders on charter flights this Friday. A person can exchange the equivalent of 20-thousand yuan or 88-thousand New Taiwan dollars (2,912 US dollars) at one time, Taiwan Central Bank had announced last week. Currently the yuan, or RMB which stands for Renminbi in Mandarin, can only be traded legally on Kinmen and Matsu, two islands close to the Chinese coast, which Taiwan retained after it split from the mainland in 1949. However, a strong gray market supports its exchange in Taipei and other major Taiwanese cities. Wang Wen-lung, deputy general manager of foreign department of Mega International Commercial Bank, said the bank has shown staff on how to recognise counterfeit RMB notes. "If we receive counterfeit notes of Chinese Yuan that worth under US Dollars 200, our bank will confiscate the notes. If the value is over USD 200, we will call the police," he said. The current exchange rate for RMB is 4.554 Taiwanese dollars. The rate is maintained relatively high due as the costs for banks to buy RMB is high too, added Wang. "Once the Chinese mainland tourists come in, there will be more banks which offer this exchange service. Then it will help decease our costs. In that case, the exchange rate will decrease too," he said. About four (m) million Taiwanese visit China yearly. Under a new agreement between Taiwan and China that will take effect this week, an estimated 300-thousand Chinese tourists could visit Taiwan every year. The first charter flight across the Taiwan Straits will be launched on July 4, and the direct visit by mainland visitors will begin on July 18. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/31df5bdf394e2a982cf96d35f8d08770 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 233 AP Archive
China's central bank: yuan's Tuesday fall is one-off depreciation
 
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China's central bank has announced a new way of managing the exchange rate to better reflect market forces. Following the decision, the Chinese currency, the yuan, fell sharply in value. The central bank says this is a one-off depreciation and does not indicate the beginning of a downward trend.
Views: 1146 New China TV
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: 1307 aaaricuny
SPD Bank Currency Exchange Machine - Shanghai
 
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I found this really convenient and reasonable way to exchange money in Shanghai, China. Basically the machine takes money and dispenses the local RMB currency! Thought I'd share it!
Views: 1007 Kim Le
How Does China Control Exchange Rates? Devaluation vs Depreciation of Currency, Current Affairs 2018
 
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Views: 15401 Study IQ education
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: 98339 CNBC International
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: 461 CGTN
Changing currency on the street in China: Rmb to dollars/ euros...
 
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In China in front of bank you change any currency at a higher interest rate! In fact these people work together with some bank employee... But this is totally illegal, they offer a higher interest rate and share the benefit with the bank employee (this is kind of cheating the bank). As a foreigner living in China, I would recommand changing your foreign currency with these people, you will benefit from a higher interest rate. But you should go there with a Chinese personn... Take care dear viewers! Subscribe!
Views: 924 China Non-Stop
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: 148 AP Archive
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 central bank says Chinese currency has reached its equilibrium rate
 
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(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: 95 AP Archive
Learn Foreign Exchange Reserves | US-China Trade War | Rupees Appreciate Depreciate
 
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In this video, we are going to learn about Foreign Exchange Reserves, foreign exchange market - how it works, who are the participants and how it affects import and export, we will also understand the reason behind China-US trade war and many other interesting questions related to foreign exchange with respect to India (devaluation of currency, rupee appreciation and depreciation). Stick around this video is going to be interesting. ***Time stamp*** 1. Definition of Foreign Exchange Reserve @ 0:22 2. How Foreign Exchange Market works @ 1:05 3. Participants in Foreign Exchange Market @ 2:16 4. Role of Reserve Bank of India @ 4:29 5. The most important reason behind holding foreign currency reserve @ 6:02 6. Why do countries keep the value of their domestic currency lower than the dollar @ 6:42 7. And how do they do it @ 7:25 8. Summary of China - United States trade war @ 7:28 9. What does it mean when the Rupee becomes stronger or weaker against some currency @ 9:25 10. Why can't India devaluate the Rupee just like China @ 10:54 11. What can the Reserve Bank of India and Government of India can do to make the Rupee stronger @ 11:50 12. Why the Government of India is increasing the oil prices despite weaker rupee @ 12:36 Fill this feedback form for a better learning experience https://goo.gl/vrYPBw Click here if you want to subscribe https://www.youtube.com/user/TheRealSengupta Maps and sketches can be found on the instagram account search for "geographysimple"
Views: 6763 Amit Sengupta
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: 204 New China TV
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: 47 AP Archive
China’s New Exchange Rate Regime: Structural Reform Or Competitive Devaluation?
 
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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: 357 SPTVbroadcast
First transactions in euros at Bank of China
 
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1. Pan from taxi on street to front of Bank of China branch with new year decorations 2. Inflated dragon in front of bank 3. Wide of bank with flags 4. Tilt down from ceiling of bank to customers at windows 5. Man at bank counter window 6. Customer Bo Zheng Feng walks to counter window with bank book in hand 7. Pull focus from teller's window with Chinese characters saying "Please count cash here" to face of teller counting euros 8. Pull focus on hand of teller counting euros 9. Teller counting euros 10. Close up of euro bank notes handed to Bo Zheng Feng 11. Close up of Bo 12. Bo looking at his euro notes 13. SOUNDBITE: (Mandarin) Bo Zheng Feng, Euro Customer: "It's a good thing. Not only for the EU countries where the euro is a currency but also for people around the world who use the euro because if you go from one EU country to another you don't have to exchange money. Euros can be used in most European countries and is very convenient for trade." 14. Pan from bank tellers to one women teller counting euro notes 15. Close up of teller examining note 16. Tilt up of various euro denomination bank notes in pile 17. Teller serving customer at window 18. Close up of customer 19. Close up of currency exchange board with euro exchange rates 20. Bank of China Deputy Manager Xu Shijian 21. SOUNDBITE: (Mandarin) with Xu Shijian, Bank of China Deputy Manager "For domestic trade companies and domestic customers they have one more basic currency unit in the world financial market. So after the euro was promoted for such a long time I think it's good for China." 22. Close up of teller counting euros 23. Bank exterior STORYLINE Chinese banks welcomed the new year by circulating the world's newest currency within the world fastest growing economy. Exchange transactions at the Bank of China in Beijing were light on the first day of 2002 - the start of a three day national holiday in China. Some of the first Chinese customers looking to purchase euros are travellers like Bo Zheng Feng, a 43 year old city engineer, planning a vacation in Europe. Bo finds comfort in the single currency, ending the confusion of converting money from several European countries during his holiday. The first batch of euros, totalling five million euros, was shipped mid-December to Shanghai, China's leading financial centre. Big bank branches in Beijing are also ready to handle euro transactions. Bank computer systems have been upgraded and bank employees have been studying the new currency and how to distinguish forged notes from genuine bills. Chinese bankers say what's good for the European Union is also good for China. With the Chinese economy growing at about seven percent per year, the new currency should help fuel business and trade between the east and west. Commerce, like tourism, will flow easier with a single European currency. Chinese bankers expect that more than one third of their foreign exchange transactions will be based on the euro and the new currency will occupy a major part of China's foreign exchange reserve portfolio. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/d8b0b8d250741d233de581756153eed5 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 431 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: 546483 Khan Academy
RMB will remain stable: China's central bank official
 
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Chinese central bank's deputy governor Yi Gang says he is confident that the Chinese currency RMB will remain stable. He emphasizes that China pursues a managed floating exchange rate regime that is based on market supply and demand, with reference to a basket of currencies.
Views: 127 New China TV
Why Foreign Currency Reserves Are Important – A Beginners Guide
 
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http://illuminatisilver.com http://facebook.com/illuminatisilver Why Foreign Currency Reserves Are Important Today is Sunday 18th December 2016 and we are providing an explanation as to what Foreign Currency Reserves are and why they are important. We are too well aware that many of our subscribers have differing experiences with and knowledge of; markets, foreign currencies and International currency trading issues. So as a guide for those who are perhaps less experienced in these areas we thought we would provide a brief definition and general guide as to what they are why such reserves are important and how various Governments use them. Foreign Currency Reserves (Forex Reserves) is the amount of foreign currencies that are held by the Central Bank of a country. In general use, foreign currency reserves may also include gold and IMF reserves such as SDR’s or Special Drawing Rights. 2 Main Reasons for Holding Foreign Currency Reserves are: 1. To influence the exchange Rate. With large foreign exchange reserves, a country can target a certain exchange rate. For example, suppose a country wanted to increase the value of its currency, it could sell it’s dollar reserves to buy its own currency on the foreign exchange markets. The increased demand for this currency would appreciate its value. An example of the opposite of this happening and to which President-Elect Trump has made reference during the Election campaign, is the case of China who have historically been trying to keep the Yuan undervalued by selling Yuan and buying Dollars thereby improving their export prospects to overseas markets – by flooding them with ‘cheap goods’. This is why China has so many Dollar reserves in excess of $3 trillion worth at the current time. 2. To act as a Guarantor for Liabilities such as External Debt. If a country holds substantial foreign debt, holding foreign currency reserves can help to give more confidence in the country’s ability to pay. If countries have dwindling foreign currency reserves, there is likely to be deterioration in a country’s credit worthiness. There are Problems however in holding Foreign Currency Reserves: 1. Foreign Currency Reserves are rarely sufficient to target a certain exchange rate. If speculators sell heavily, then a currency will fall despite the best efforts of a Central Bank. e.g. In 1992, the UK lost billions of pounds trying to protect the value of Sterling when it was in the Exchange Rate Mechanism. Eventually, the UK authorities had to admit defeat and devalue the pound. This was the time when the much maligned George Soros made a $1 billion in betting against the Bank of England. 2. Inflation Erodes Value. The problem with holding foreign currency reserves is that they can lose their value. Inflation erodes the value of currencies not fixed against gold for example. Therefore, a Central Bank will need to keep buying foreign reserves to maintain the same purchasing power in markets. 3. They may lose Money on Currency Changes. In theory a Central Bank can make money through the appreciation of other currencies it holds. However, many Central Banks have been losing money through the long term decline in the value of the dollar for example, though recently this situation has reversed. Knowing all of this now, hopefully when you hear that a country has embarked on a policy of selling its US Dollar foreign currency reserves, such as China has recently, rather than assuming it’s because it no longer has confidence in that currency, which many of the gold and silver pumpers would have you believe, which admittedly could be one reason, it could also be because it is trying to maintain or prop up the value of its own currency - the Yuan - for which it has exchanged those dollars or even taking profits on some of the reserves it owns, especially when the dollar is gaining strength. Please view our recent videos: Gold and Silver Update w/e 16th December 2016 https://youtu.be/ulTkoUYUoFA Ignore the Dollar Collapse Fear Mongering – Rants Illuminati Silver https://youtu.be/5iOG7-_vvF0 Gold nanotechnology and AMD - Blindness https://youtu.be/jNry9Q8aaQs Fed raises Rates - More to Come - Gold and Silver prices fall https://youtu.be/3NMz7kZf4eA Oil prices Jump 6% – Good News for Gold and Silver prices https://youtu.be/yEPyvytaV5Y Why is Donald Trump upsetting the Chinese Bear? https://youtu.be/tB_f9yO9KsI FED, Gold, Silver, Interest rates and Markets 2016 https://youtu.be/DhUGxJtDmiQ Gold and Silver Update w/e 9th December 2016 https://youtu.be/1QX6134XbPU Why Silver May Outshine Gold (cont.) https://youtu.be/tWqrbebJuZ4 ECB Extends QE but Tapers it – Gold prices rise in Euro terms. https://youtu.be/DaOKkkEn-Ug Financial Armageddon – The Final Days https://youtu.be/CNl3RCMSpOo
Views: 11323 Illuminati Silver
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
China Devalues Currency to Make Exchange Rate More Market-oriented
 
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China devalued its currency by 1.9 percent on Tuesday – a move that took financial markets by surprise and made the Chinese yuan more market-based. CNBC reported the devaluation comes after Beijing released July trade numbers that indicated exports were down more than 8 percent compared to same period a year ago. China's central bank said in statement the markets would be permitted to play a larger role in setting a value for the currency – but Mitul Kotecha, head of foreign exchange and rates strategy at Barclays in Singapore said China may intervene if further devaluation takes place in the financial markets. http://www.upi.com/Top_News/World-News/2015/08/11/China-devalues-currency-to-make-exchange-rate-more-market-oriented/9011439342205/ http://www.wochit.com This video was produced by Wochit using http://wochit.com
Views: 1364 Wochit Business
My Foreign Currency Collection 2018 + Exchange Rates USD
 
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So here it is people. Part 1 of my currency collection. In this video I show you the foreign bank notes I've collected throughout the years. In the next video I will show you the coins that my wife and I have collected! Exchange rate to USD included. Foreign Bank Notes in this video: Bolivian Bolivianos, Brazilian Real, Canadian Dollar, Chinese Renminbi Yuan, Chinese Wu Jiao, Chinese Yi Yuan, Danish Krone, European Euro, Haitian Gourde, Hong Kong Dollar, Hungarian Forint, Icelandic Krona, Indonesia Rupiah, Italian Lira, Jamaican Dollar, Japanese Yen, Mexican Peso, Mongolian Tögrög (Tugrik), Nigerian Naira, Swedish Krona, Philippine Piso, Polish Zloty, Singapore Dollar, South Korean Won, Norwegian Krone, Turkish Lira and the British Pound (United Kingdom) Pound. Social Media: ► www.linkedin.com/in/theangryspud ► Ask Me Anything: https://ask.fm/TheAngrySpud ► Discord: https://discord.gg/HJeDn72 ► Website: https://www.theangryspud.com/ ► Twitter: https://twitter.com/theangryspud28 ► Instagram: https://www.instagram.com/eliterb28/ ► Snapchat: www.snapchat.com/add/eliterb28
Views: 21641 The Angry Spud
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: 23 AP Archive
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: 1002 ABS-CBN News
Bank Of China || Money Exchange - Language Problems
 
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Hey,I'm Ashiqul Hai Moin.As you people know I'm a seafarer,I used to Roam around the World with my ship. This time I'm in china,Jiangshu province, nantong. Here I'm with my Ship for Doing Dry Docking of my ship In Ruitai Shipyard. This vedio vlog is about money exchanging in Bank of china. Here you peoples can see a day out of an alone man in china street with chinese language problems too. This is My first Travelling Vlog,Hope so you people will like it. Take my love and share your feelings via commenting. My Facebook Id Link : https://www.facebook.com/IMAR044 One more thing, don't forget to subscribe to get my next vedios.
Views: 327 Moin Traveller
China's foreign exchange reserves dipped slightly in September
 
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China's State Administration of Foreign Exchange says the country's foreign exchange reserves dipped slightly last month, while maintaining steady momentum. Data from the central bank shows the foreign exchange reserves fell nearly 23 billion US dollars from the August level, reaching just over three trillion US dollars. And the value of gold reserves fell to just over 70 billion dollars at the end of last month, from around 71 billion dollars at the end of August. Financial regulators say the declines are due to fluctuations in foreign exchange rates and asset prices. 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
Views: 678 CGTN
OPEN MARKET CURRENCY RATES IN PAKISTAN 5/10/2018///
 
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Welcome To Our channel . LIFE ENTERTAINMENT is a Great Indian Event Planner and Masters of different ceremonies, established years back and approved Corporate, Organizations 05 Oct, 2018 Interbank Currency Rates - The table of interbank currency rates shows buying TT clean & selling TT & OD and Buying OD/T.CHQ exchange rates of each major currencies & converted in Pakistani rupees. Check out for the current interbank currency exchange rates in Pakistan with the rest of the world exchange rates for instance: USD $ Dollar Rates, (€ -EUR) Euro Rates, (£-GBP) British Pound Rates, (AED) UAE Dirham Rates, and (Riyal – SAR) Saudi Riyal Rates, (CNY) Chinese Yuan Rates in Pakistan interbank Currency Exchange Rates Live 2018 – On this page users can find real time updated rates of interbank currency exchange rates in Pakistan. For the easiness of visitors interbank currency rates are showing with the Buying TT Clean, Selling TT and OD and Buying OD/T.CHQ on this page. The Pakistani Interbank currency rates are managed by the Pakistani Banks that include State Bank, National Bank, and other government institutions of Pakistan. Hamariweb.com also sends free interbank currency buying and selling exchange rates on daily basis via Twitter SMS Alerts Services on cell phone for subscribers. Check out for the current interbank currency exchange rates in Pakistan with the rest of the world exchange rates for instance: USD $ Dollar Rates, (€ -EUR) Euro Rates, (£-GBP) British Pound Rates, (AED) UAE Dirham Rates, and (Riyal – SAR) Saudi Riyal Rates, (CNY) Chinese Yuan Rates in Pakistan. Interbank rates are the rate of interest charged on short-term loans between the banks. The borrowing and lending of the money in the interbank market is for the management of liquidity and meeting regulatory requirements. Banks hold sufficient amount of liquid assets on reserves in order to manage potential withdrawals by their clients. Interbank rates vary from open market rates.
Views: 38 life entertainment
China - Governor of Central Bank addresses presser
 
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T/I: 10:37:44 The governor of China's central bank vowed on Friday (16/1) to maintain the exchange rate of the yuan. But Dai Xianglong admitted that the Asian financial crisis will slow China's economic growth and exports. "The maintenance of a stable renminbi (yuan) is a contribution of China to the financial stability in Asia," Dai told a news conference. SHOWS: BEIJING, CHINA 16 JANUARY Governor of the Chinese Central Bank, Dai Xiangrong, enters news conferece; cutaway press; SOT Dai (in Mandarin with English translation): Over the past two or three years, what worries me is the appreciation of the value of the RMB yuan. Lately, more and more people have become worried about whether or not the RMB will be devalued. As a Governor of the Chinese Central Bank I can guarantee that China's international balance of payment will remain in good shape and the exchange rate for the RMB yuan will remain stable;" cutaway; SOT continues, On the other hand against the backdrop of financial crisis in some of the SE Asian countries,, we do not want to devalue our yuan. that is we don't have a reason to devalue... nor are we willing to devalue. Chinese people attach great importance to moral balance,and we will not pass our difficulties onto others and we will not undercut others. Therefore I am speaking as the Governor of the China Central bank to the media, that the exchange rates of the Yuan will remain stable. And will stand the test of time; ws news conference; 2.36 You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/73da755e7a3abee6195b3d123148a7fd Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 18 AP Archive
the relationship between the current account balance and exchange rates of RMB against USD
 
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A nation's balance of payments measures all economic transactions between that nation's people and the people of all other nations. A country that spends more on imports than it earns from the sale of its exports is said to have a trade deficit. Such imbalances have become controversial topics of debate in political and economic circles, particularly over the last decade as the Chinese economy has emerged as the world's largest exporter. As goods and services flow from one country to another, the exchange rates of those countries' currencies tend to fluctuate to promote balanced trade between the two nations. However, in some cases, most notably China, a country's central bank will intervene in the market for its own currency to manage its exchange rate against that of a trading partner. When such interventions occur, the normal, moderating effect that rising and falling exchange rates has on trade flows is disrupted, and trade imbalances can become persistent. This Video illustrates 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.
Today Currency Rates In Pakistan 20 July 2017 | Pakistan Rupee Exchange Rates [China Exchange Rate]
 
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China's Currency Manipulation is Harming America. Fair Trade Would Restore US Jobs and Prosperity
 
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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: 28904 VideoThink.net
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: 250 CGTN Africa
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: 232 CGTN

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