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  #5161  
Old 30-11-2015, 12:07 PM
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  #5162  
Old 01-12-2015, 01:58 AM
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IMF agrees to include China's RMB in benchmark SDR currency basket

Congratulations to China!

As a CNY stakeholder I feel happy for you!

Quote:
http://www.cnbc.com/2015/11/30/imf-a...cy-basket.html

The International Monetary Fund agreed Monday to add the Chinese yuan to its reserve currency basket.

The decision — which marks another step in China's global economic emergence — came after the IMF evaluated the Asian nation's standing as an exporter and the yuan's role as a "freely usable" currency. In a statement, IMF Managing Director Christine Lagarde noted the yuan's inclusion is a "clear representation of the reforms" taking place in China.

"The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy," Lagarde said.

The addition of the yuan, or renminbi, will take effect next October.

Lagarde and the United States had supported its inclusion in the basket, known as Special Drawing Rights (SDR). It will join the euro, yen, pound and dollar in the reserves basket. The yuan will have about an 11 percent weighting in the SDR.

The IMF, the SDR and the yuan explained
The IMF said the yuan's inclusion will make the SDR more diverse and representative of the international community.

The basket determines the currency mix countries like Greece receive when the IMF disburses financial aid. The decision to add the yuan will likely increase demand for the currency.
  #5163  
Old 02-12-2015, 11:37 AM
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  #5164  
Old 02-12-2015, 04:55 PM
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Re: Chinese RMB rates..

Bedok Mall - $1 - RMB 4.54
  #5165  
Old 02-12-2015, 09:16 PM
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Re: Chinese RMB rates..

Jurong Point 02/Dec/15 9pm $100 = RMB$455.00 TT RMB$455.00
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  #5166  
Old 02-12-2015, 10:02 PM
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Re: Chinese RMB rates..

Quote:
Originally Posted by FatMan View Post
Jurong Point 02/Dec/15 9pm $100 = RMB$455.00 TT RMB$455.00
Bro FatMan you work around Jurong Point?
  #5167  
Old 05-12-2015, 11:50 AM
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  #5168  
Old 05-12-2015, 05:51 PM
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Re: Chinese RMB rates..

Today CNY rate at Arcade Level 2 hit $4.58
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  #5169  
Old 05-12-2015, 06:57 PM
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Re: Chinese RMB rates..

Quote:
Originally Posted by Dom1976 View Post
Today CNY rate at Arcade Level 2 hit $4.58
Thanks for sharing, hope the rate keep going up
  #5170  
Old 06-12-2015, 10:47 PM
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Re: Chinese RMB rates..

Jurong Point 06/Dec/15 9pm $100 = RMB$455.50 TT RMB$458.00
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  #5171  
Old 07-12-2015, 12:17 PM
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Raffles Arcade (07/12/15)

Arcade Money Changers @ The Arcade (11 Collyer Quay) rates.

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  #5172  
Old 08-12-2015, 04:45 AM
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Re: Chinese RMB rates..

Jurong Point 07/Dec/15 9pm $100 = RMB$457.00 TT RMB$457.00
__________________
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失败之后就是成功,
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  #5173  
Old 08-12-2015, 10:45 PM
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  #5174  
Old 09-12-2015, 02:28 PM
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  #5175  
Old 11-12-2015, 10:25 AM
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