Source: Xinhua – China yuan strengthens to new high against USD
Notable excerpts:
The Chinese currency Renminbi, or the yuan, marched to a new record high against the U.S. dollar on Monday.
Source: Xinhua – China yuan strengthens to new high against USD
Notable excerpts:
The Chinese currency Renminbi, or the yuan, marched to a new record high against the U.S. dollar on Monday.
Source: RT – Fed up with euro, France flirts with coupon money
Notable excerpts:
Whether buying bread, filling a pharmacy prescription, getting a haircut or going to the doctor, some residents of Montreuil, France, are rejecting the euro in favor of ‘La Peche’, a local community currency.
Source: RT – Yuan outperforms euro, becomes 2nd most popular trade finance currency
Notable excerpts:
The yuan has replaced the euro to become the second most widely used currency in global trade in 2013, according to the SWIFT network responsible for international financial transactions.
Source: Swissinfo.ch – Thousand-franc note is a hidden treasure
Notable excerpts:
The use of the Swiss thousand-franc bill is on the rise. Despite its apparent popularity – it makes up almost one in ten Swiss banknotes – few people ever lay their hands on one.
Source: Bloomberg – PBOC Will ‘Basically’ End Normal Yuan Intervention: Zhou
Notable excerpts:
China’s central bank will “basically” end normal intervention in the currency market and broaden the yuan’s daily trading limit, Governor Zhou Xiaochuan said, without giving a timeframe.