currency exchange

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Internationalization of the RMB by 2040?

With the renminbi in the headlines again last week after the People’s Bank of China set the dollar reference rate at a record high, The People’s Daily addressed the future of China’s currency on Monday: China...

China Inflation Ticks Lower, Policy on Pause

China’s rate of inflation decreased in September, although “not drastic enough to reduce inflationary expectations,”  and furthermore, food prices remained high. From Reuters: China’s consumer inflation...

PBOC Fixes Yuan Mid-Point at Record 6.4990/Dollar

Another day, another milestone for the yuan appreciating against the dollar. For the first time, the People’s Bank of China has fixed the value of the yuan at less than $6.50. From Reuters: The People’s Bank of China...

China Yuan Up Late On 5th Straight Record-Low Fixing

After six continuous days of increases, the Chinese yuan has reached a new high of about 6.54 yuan to 1 dollar, closing the week off at a record high. From Wall Street Journal: China’s yuan rose to a fresh high against the...

Geithner Says Strict Policy on Currency Hurts China

At a G20 sponsored international financial conference this week in Nanjing, Timothy Geithner again urged China to reform its currency exchange rates. From the NYTimes: Treasury Secretary Timothy F. Geithner urged China again on...

G-20 Leaders Not Inclined to Compromise

The Los Angeles Times reports that there was no resolution made for a compromise on global trade imbalances at the Group of 20 summit: Leaders of the world’s biggest economies showed that they were in no mood to compromise...

Ben Simpfendorfer: China’s Yuan Ambitions

From the Wall Street Journal: China is playing a growing role in discussions over solutions to current economic problems. Much of the talk has focused on money — whether Premier Wen Jiabao’s concerns about the value...

China and the Dollar

From the Wall Street Journal: As if the dollar didn’t have enough problems, Timothy Geithner took China’s bait yesterday and said he was “quite open” to its suggestion this week to displace the greenback...

China 2008: Revaluating the Currency Question

This next article in the CDT series on important issues facing China in 2008 focuses on the revaluation of the Chinese currency, the yuan (or renminbi). See also previous posts on Nationalism, the Developing World, the Global...

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