Learn more today. If you’re planning a trip to China in the near future, you may want to exchange some of your money into renminbi, the country’s official currency. “Renminbi” and “yuan ...

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The Chinese yuan is not going to replace the US dollar. Let’s get that out of the way straight up. Russia and China’s ...

China’s yuan (RMB) is the first new currency to join the list since the euro was launched, and represents a significant moment in the development of China as a global economic power. The US dollar, ...

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. [Photo/Xinhua] BEIJING -- The renminbi (RMB) has been used more frequently in cross-border trade in ...

Use of the Chinese currency for cross-border trade rose by more than a fifth in the first eight months as Beijing pushed for the yuan to play a bigger role in global business. According to the ...

The number of bilateral transactions using the Chinese currency grew by a third in July to 53% from 40% in the same month in 2021. In 2010, 80% of outbound Chinese trade was conducted in dollars ...

Weakness in RMB Mendon Financial Services A's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative. Our research team assigns Negative ratings to ...

Last month, Russian media reported that some 98 percent of Chinese banks now reject RMB-denominated settlements. First major, and now also more local, Chinese banks have stepped up compliance with ...

South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join ...

A conference to promote the cross-border use of the renminbi is held in Lusaka, Zambia, in September 2023. XINHUA Financial infrastructure in China should be further improved to facilitate the use ...

Rand Merchant Bank (RMB) has provided transaction support to private equity firm Metier towards acquiring Mertech Marine. Through its Sustainable Capital Fund II, Metier is focused on investing in ...