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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    China cuts yuan to lowest level in 21 months

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 267081
    Join date : 2012-12-21

    China cuts yuan to lowest level in 21 months Empty China cuts yuan to lowest level in 21 months

    Post by Rocky Thu 18 Oct 2018, 6:10 am

    China cuts yuan to lowest level in 21 months
    China cuts yuan to lowest level in 21 months Irq_441478238_1539857991
    A few hours after the US Treasury Department confirmed that China was not manipulating its currency to boost exports, the People's Bank of China decided to cut the yuan to a 21-month low.
    The exchange rate of the Chinese currency in the market fell to 6.9275 yuan to the dollar, the lowest level since the beginning of last year.
    The US Treasury Department acknowledged on Wednesday that Beijing does not deliberately devalue the yuan to support its exports.
    In a twice-yearly report to the Congress on currencies, she stressed that "no major partner country" had manipulated its currency in 2018, and direct interventions by the central bank of China were limited.


    http://aynaliraqnews.com/index.php?aa=news&id22=106918
    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    China cuts yuan to lowest level in 21 months Empty Re: China cuts yuan to lowest level in 21 months

    Post by Lobo Thu 18 Oct 2018, 10:35 am

    Thanks Rocky, wow, wait until the report is released and then cut the rate - why not, China is watching out for China and Trump is watching out for America.

      Current date/time is Thu 28 Mar 2024, 7:22 pm