The Renminbi, China’s legal currency, is issued and controlled solely by the People’s Bank of China. The exchange rates of the Renminbi are decided by the People’s Bank of China and issued ...

But among the currencies of the six largest economies in the world, China’s renminbi is the only one that is not traded easily and accepted worldwide—that is, it is not a hard currency. China’s ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The renminbi weakened and Chinese stocks fell after US President Donald Trump said he could impose a 10 per ...

Oxford University Press, 2016, 344 pp, $29.95 (hardcover). Such is the scope and range of Eswar Prasad’s new book Gaining Currency: The Rise of the Renminbi. In it, the author capitalizes on the ...

Thomas Ruecker / Getty Images The term “Chinese yuan renminbi (CNY)” refers to the currency used in the People’s Republic of China. Although it may seem a little confusing because the names ...