Tag
YUAN
Forex traders have attributed the recent exchange rate stability to the success of Nigeria’s currency swap agreement with Chinese traders now collecting naira for its currency, yuan, instead of dollars.
Russia held nearly a third of the world’s renminbi (Yuan) in reserves by December 2021 amid the decline of the dollar’s share of global foreign-exchange reserves.
As the Covid outbreak extends to Beijing, the yuan fell to its lowest level in a year, with the central bank standing by as traders move bearish on the currency.
China has successfully launched blockchain-enabled salary payments with digital yuan at Xiong’an.
U.S dollar stood firm against major currencies on Monday as fears over rising tensions between America and China over Beijing's plans to begin
The U.S. Dollar Index that tracks the American dollar against a basket of other major currencies dropped 0.10% to trade at 100.338
CBN has started the trading of Yuan for the first time.