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There's a prevalent false narrative that China's yuan is “pegged” to the U.S. dollar. No, it's not! Here are two charts that show the difference between a pegged versus a non-pegged currency. Saudi Riyal (SAR) versus Chinese Yuan (CNY) — both against USD. See the difference??
(
i.redd.it
)
2023-7-4
China
U.S.
Chinese Yuan
US Dollar
Will the Chinese renminbi replace the US dollar?
(
www.elgaronline.com
)
2023-4-1
China
Chinese Yuan
Renminbi hits 2007 low after Xi unveils harder line leadership
(
www.ft.com
)
2022-10-26
Chinese Yuan
China's central bank: e-CNY transactions totaled ~$14B from December 2019 to August 2022, up 14% from ~$12.2B in December 2021, signaling slowing growth
(
www.scmp.com
)
2022-10-13
China
Chinese Yuan
Central Bank
Renminbi heads for record annual fall against dollar
(
www.ft.com
)
2022-9-12
Chinese Yuan
A look at the challenges ahead for China's e-CNY, as total transaction volume reached $12.3B in May and ~4.6M merchants across China now accept the digital yuan
(
asia.nikkei.com
)
2022-8-20
China
Chinese Yuan
The renminbi vs. the dollar
(
siepr.stanford.edu
)
2022-8-20
Chinese Yuan
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