THE central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 10 pips to 7.1901 against the dollar Friday.
This is according to the China Foreign Exchange Trade System.
In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Governor Buni Signs 2025 Finance, Appropriation Bills Into Law
GOVERNOR Mai Mala Buni of Yobe has signed the state’s 2025 Appropriation and Finance Bills into Laws. Trojaninsights reports…
About The Author
