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Chinese Yuan news

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China's yuan now world's fifth most-used currency
The data comes as China looks to make the yuan used more internationally in line with its standing as the world's second-largest economy, while at the same time keeping its value tightly controlled.
Chinese yuan growing rapidly in South Korea
According to the Bank of Korea, yuan-denominated deposits by residents in South Korea has surged dramatically. The yuan-denominated deposits in 2011 was $80 million, but now it has grown to almost $20 billion dollars. Bank of China was the first ...
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Iran dumps US dollar, adopts Chinese yuan for settlements
The Central Bank of Iran announced that it will no longer use the US dollar as mutual settlements with other countries and instead named the Chinese yuan as one of the alternatives. Gholamali Kamyab, deputy head of the country's central bank, said it ...
Iran's central bank stops US dollar transactions, adopts RMB  WantChinaTimes
China's yuan slumps to near 8-month low, flirts with daily limit
SHANGHAI: China's yuan weakened to its lowest against the dollar in almost eight months on Monday, nearing its daily limit, adding to speculation that easing steps by global central banks are prompting the People's Bank of China to guide the currency ...
Chinese yuan weakens to 6.1335 against USD Thursday
The central parity rate of the Chinese currency renminbi, or the yuan weakened by 53 basis points to 6.1335 against the US dollar on Thursday, according to the China Foreign Exchange Trading System.
That Time Reuters Converted Rapper 50 Cent Into Chinese Yuan
This story appears to have run in The Guardian back in 2012, but the lesson this photo imparts is basically timeless. As Twitter user @harrysiegel points out, sometimes you have to be careful with currency conversions. What probably happened in this ...
China, Switzerland sign deal on yuan trading in Zurich
The central banks of China and Switzerland have signed a pact to establish a yuan trading center in Zurich. The deal is expected to increase the number of European transactions in yuan. Switzerland's central bank said on Wednesday it had signed the ...
China, Switzerland to enhance financial cooperation  Chinadaily USA
China offers Switzerland 8-bln-USD QFII quota  Xinhua
China's yuan joins top 5 global currencies
THE Society for Worldwide Interbank Financial Telecommunication said on Tuesday the yuan passed the Australian and Canadian dollars in popularity in December.
Yuan accounts for a quarter China's payments in 2014 -data
To encourage investors and central banks around the world to use the yuan, China began an experiment known as the Renminbi Qualified Foreign Institutional Investor scheme, or "RQFII", that allows those who hold the yuan to re-invest it in Chinese ...
UPDATE 2- Swiss SNB says inks pact for renminbi clearing with PBOC  Reuters
Yuan strengthens after better-than-expected Chinese growth data  Economic Times
Chinese Yuan Trades Near 8-month Low Against US Dollar
The People's bank of China set the central parity rate for the yuan at 6.1384 per dollar, weaker than the Friday's reference rate of 6.1342.