China fine tunes its global strategy for the yuan

IMG Auteur
 
Published : October 27th, 2020
94 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

Bloomberg/Charlie Zhu, Jun Luo, Ken Wand and Fran Wang/10-24-2020

“The authorities will remove existing obstacles for the yuan’s internationalization, with a steady liberalization of the capital account, increasing the yuan exchange-rate flexibility and improving liquidity in the bond market, Zhu said.

USAGOLD note:  A greater role for the yuan as a reserve currency could translate to important implications for the gold market in the coming years – particularly insofar as it impacts the dollar’s role as the world’s primary reserve currency. Zhu Jun is the director-general of the People’s Bank of China international division.

Read the rest of the article at USA Gold
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.