The Chinese yuan is the official currency of the People’s Republic of China.
The renminbi is the name of the currency in China, where the yuan is the unit of currency.
Its ISO code is CNY although RMB can also be used.
From last 10 Year, the Chinese Currency has gained high importance in the global market due to its use and efforts of the Chinese. In 2015, the Yuan became the most traded currency across the globe.
Until 2005, the decision of the People’s Bank of China to allow yuan to float, it was pegged to the dollar
The great financial crises occurred in 2008, then the government decided to limit the volatility of yuan by implementing an average rate, which is fixed daily, which limited fluctuation is permitted.

This is known as the yuan’s band of floatation.
The inclusion of the yuan was approved by IMF in November 2015 in the cluster of currencies which shows the value of the Special Drawing Rights (SDR).
The U.S. dollar, the euro, the British pound, and the Japanese yen are also included in this elite set of reserve currencies

A

Abandoned Baby | Account Statement Report | Account Value | Accumulation Area | Accumulative Swing Index ASI | Address | ADDY | ADP National Employment Report | Advance Or Decline Index | Afghanistan Afghanis | Agency Model | Aggressor | Alan Bollard | Alan Greenspan | Albania Leke | Algerian Algeria Dinars | Alligator | Altcoin | Analysts | Andrews Pitchfork | Angela Merkel | Angola Kwanza | Anti Money Laundering AML | ANZ Commodity Price Index | Application Programming Interface API | Appreciation | Arbitrage | Argentina Pesos | Armenian Drams | Aroon Oscillator | Aroon Up And Down | Aruban Guilder | Ascending Channel | Ascending Trend Line | Ascending Triangle | ASIC Mining | Asset | Asset Purchase Programme APP | Asset Purchases | Asymmetric Encryption | Asymmetric Slippage

B

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C

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E

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