Yuan weakens to 7. 1112 against dollar

Tue, Sep 3, 2024

1 MIN READ

Economy, Foreign

THE central parity rate of the Chinese currency renminbi, or the yuan, weakened 85 pips to 7.1112 against the dollar on Tuesday.

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. (Xinhua/NAN)

3rd September, 2024.

C.E.

Tags:

Yuan strengthens 7. 087 against dollar

THE central parity rate of the Chinese currency renminbi, or the yuan, strengthened 160 pips to 7.087 against the dollar...

Malawi launches E-Justice programme to modernise judicial system

MALAWI on Tuesday launched an E-Justice Programme to modernise the country’s judicial system by enhancing digital access to judicial services....

SMEDAN partners GIZ to boost MSME development

THE Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it will partner the German International Agency (GIZ) and...

Subscribe to Our Newsletter

Keep abreast of news and other developments from our website.