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This footage was filmed and produced 10 May 2023. Chinese yuan and U.S. dollar in Yichang, Hubei Province, China, May 10, 2023. The Central bank authorized the China Foreign Exchange Trade System to announce that the central parity rate of RMB in the inter-bank foreign exchange market on May 10, 2023 was 6.9299 RMB against one US dollar. So far ...
May 11, 2023
Renminbi Currency exchange
Economists Welcome Government Mining Currency Policy By Ellen Hambuba and Report by Daisy Mulenga Financial Economist BRIGHT CHIZONDE says the government’s decision to allow some mining companies to pay their tax obligations in Chinese currency is a progressive step. Mr. CHIZONDE told ZNBC News that the move will help reduce the government’s cost of debt servicing. He noted that Zambia’s gross international reserves are not entirely denominated in US dollars, despite being reported as such. Mr.
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