#Chinese Yuan

[annarexcouture]

¥466.09

[creativemedianews]

The Global Currency Race: Dollar, Euro, or Yuan—Who's Winning?

The Global Currency Race: Dollar, Euro, or Yuan—Who's Winning? #Chineseyuan #DigitalCurrency #EmergingMarkets #euro

[kazifatagar]

The Malaysian currency reached 4.3945 per dollar today

The ringgit surged by 2.3% on Monday, marking its largest gain since October 2015, driven by optimism about Malaysia’s economy and expectations of foreign capital inflows. The currency outperformed its developing market peers, including the Chinese yuan, after a prolonged period of decline. This boost comes as the Malaysian government focuses on attracting foreign investments and scaling back…

[christinemarote]

Curiosidades sobre a Moeda Chinesa: O Renminbi

Hoje vamos explorar um tema fascinante e cheio de história: a moeda chinesa. Conhecida como Renminbi (RMB), que significa “moeda do povo”, ela é uma parte crucial da economia e cultura da China. Vamos mergulhar em algumas curiosidades sobre essa moeda tão interessante. E sim, quase não se vê e muito menos se manuseia as notas fisicas na China atual, mas elas existem, acreditem. Afinal. o dinhero…

[chochagurltv]

Will the Chinese Yuan take over the US Dollar?

As of my last knowledge update in September 2021, the Chinese Yuan (also known as the Renminbi, abbreviated as RMB) was not poised to overtake the US dollar as the world's primary reserve currency. However, the dynamics of global currencies and economic shifts are complex and subject to change.

Several factors would need to align for the Chinese Yuan to potentially challenge the US dollar's dominant position:

Economic Size and Stability: The United States has the largest and most stable economy globally, which has historically been a crucial factor in the dominance of the US dollar. China has seen remarkable economic growth, but it still faces challenges related to financial openness, debt, and currency convertibility.

Currency Convertibility: The Yuan has been subject to capital controls, which means that it has not been fully convertible like the US dollar. China has been gradually relaxing these controls, but complete convertibility is a significant step toward internationalizing a currency.

Market Reforms: China has been making efforts to internationalize its currency by expanding its use in trade agreements and investment. Initiatives like the Belt and Road Initiative have contributed to the increased use of the Yuan in international trade.

Trust and Confidence: The US dollar is considered a stable and trustworthy currency. For the Yuan to challenge the dollar, it would need to build similar levels of trust and confidence among central banks, financial institutions, and businesses worldwide.

Geopolitical Factors: Geopolitical considerations also play a significant role in the use of a currency. The US dollar's status is influenced by the United States' role in global politics and its alliances. China's geopolitical influence is growing, but it faces challenges in achieving the same level of influence.

Financial Infrastructure: The US dollar benefits from a well-developed global financial infrastructure, including the largest and most liquid financial markets. China has been working to improve its financial infrastructure to compete at a global level.

It's important to note that the internationalization of a currency is a long and complex process. While the Chinese Yuan has made strides in becoming more globally prominent, it still has a way to go before it could potentially challenge the US dollar's position as the world's primary reserve currency.

Lastly, the future evolution of global currencies will depend on a variety of economic, political, and financial factors, and it's challenging to predict with certainty. It's advisable to consult up-to-date sources and experts in the field for the most current insights into this matter.

[faultfalha]

In the high Andes, the Bolivian Central Bank has announced that it will start using Chinese yuan for international settlements. This is a momentous event, as it will allow Bolivia to bypass the United States dollar and use a currency that is more in line with its growing economic ties to China. It is yet to be seen how this will play out in the global financial markets, but one thing is for sure: the yuan is on the rise.

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[marzennya]

The Northern Consort used to be a spy, don't you know? A good one, too...only the heavens know how far that particular web goes, but it benefits the Emperor's reign, and the Empress is found of him, so who are we to judge, eh?

[+200 Better Lore points!]

Empress Shen is finally here, my God! How difficult was this particular beast, eh? It took me, like, five or six redesigns! The balance between feminine and masculine really kicked my ass here...I think I did pretty well, if you take in account everything. I'm proud of myself, so all of you must be nice to me.

The drama is set during the warring states period, my inspiration was mostly from how they costumed the Queen of Zhao, the dowager Queen of Qin and Haolan when she finally becomes the Queen of Qin. They are all gorgeously dressed, I recommend watching it PURELY for the costuming and also the scheming women.

The design was immensely inspired by the Chinese drama The Legend of Haolan. The main character just has this impeccable Shen Qingqiu face-card, every time I see her I just think 'Yes, Shen Qingqiu, for sure.' Here's her, for reference:

For Shang Qinghua, things were so much easier, though; I watched some episodes of Story of Yanxi Palace and was struck by inspiration™. He was so easy to draw! It's all very Qing dynasty inspired, it just fits him, I think.

It took me so very long to draw the jewellery and the embroidery in both of them...I admire the people who actually do metal and needlework. Heroes, all of them.

The pearl makeup is one of my favourite ancient Chinese makeup trends; I just had to put it in. It's a very fancy form of Huadian, which is where you draw forms, mostly flowers and other pretty things on your face using paints, powders, pearls, gems and glued flowers, and it was popular from the Tang dynasty onwards. The ICONIC pearl Huadian was popularized in the Song dynasty because it (shockingly) represented modesty and elegance.

Shen Qingqiu's greenest ornaments are made out of imperial jade, which is characterized by this vibrant emerald green colour and great translucency. It's also the most expensive type of jade ever.

The! Nail! Guards! Make! A! Comeback!

Shang Qinghua's ornaments are, in the other hand, made out of pearls - for elegance, wisdom, and wealth, and blue jade, for serenity, peace of mind and self-reflection. Mobei-jun buys all of his husband's jewellery with intention, for sure.

They're such big gossips omg, nobody is safe.

[oldstumppppp]

I'm doing everything with some delay, yep

[liberty1776]

The Yuan woln;t kill the dollar.

[yaadfinance]

The first-ever cross-border yuan settlement transaction for LNG has been successfully executed by China.

China’s first purchase of liquefied natural gas (LNG) using cross-border yuan settlement was completed on Tuesday, signaling an increasing acceptance of the yuan in the international market. The purchase was made by China National Offshore Oil Corporation (CNOOC), the largest offshore oil and gas producer in China, from TotalEnergies through the Shanghai Petroleum and Natural Gas Exchange…

[notayesmanseconomics]

Japan and China are back in the forefront of the currency wars

We find ourselves starting the week by looking East again and in one clear context economics 101 might be struggling with this as a response to the interest-rate rise in Japan. But the first rise in Japanese borrowing costs in 17 years — coming at a time when other major central banks are contemplating rate cuts — has the potential to fundamentally change the yen’s role in financial markets, said…

[ferretzoid]

Jing Yuan in Miao inspired clothing

[itzitxou]

Smooches for shizun 💞

[naofina]