Yuan – The European Union Times ⚡ Shocking Hidden News Reports ⚡ https://www.eutimes.net We deliver exclusive hidden news that you won't just find anywhere, information that nobody wants you to know about. Updated 1 minute ago. Wed, 14 Apr 2021 13:27:16 +0000 en-GB hourly 1 https://wordpress.org/?v=6.4.3 China Reveals Digital Yuan with Expiry Date where People are Forced to Spend and not allowed to Save /2021/04/china-reveals-digital-yuan-with-expiry-date-where-people-are-forced-to-spend-and-not-allowed-to-save/ /2021/04/china-reveals-digital-yuan-with-expiry-date-where-people-are-forced-to-spend-and-not-allowed-to-save/#respond Tue, 13 Apr 2021 18:04:20 +0000 /?p=62413 China is experimenting with digital money with an expiration date, meaning that citizens will be forced to spend and not save. The “digital yuan” could usher in an era of total population control as people who aren’t allowed to save money will be more dependent on the government. “Beijing has tested expiration dates to encourage […]

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]]> /2021/04/china-reveals-digital-yuan-with-expiry-date-where-people-are-forced-to-spend-and-not-allowed-to-save/feed/ 0 China Devaluates Its Currency Again in Response to Western Rating Agencies /2016/06/china-devaluates-its-currency-again-in-response-to-western-rating-agencies/ /2016/06/china-devaluates-its-currency-again-in-response-to-western-rating-agencies/#respond Wed, 15 Jun 2016 19:06:04 +0000 http://www.eutimes.net/?p=44718 The Chinese yuan dropped on Wednesday to a five-year low against dollar. The Chinese Central Bank fixed the yuan exchange rate at 6.6001/$1 after on Tuesday the yuan closed at 6.5966/$1. Analysts pointed out several factors that have driven the yuan down. One of the most important among them is strengthening the dollar on expectations […]

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]]> /2016/06/china-devaluates-its-currency-again-in-response-to-western-rating-agencies/feed/ 0 Gold-Backed Ruble, Yuan to Trigger Global De-Dollarization /2015/12/gold-backed-ruble-yuan-to-trigger-global-de-dollarization/ /2015/12/gold-backed-ruble-yuan-to-trigger-global-de-dollarization/#comments Tue, 08 Dec 2015 13:03:24 +0000 http://www.eutimes.net/?p=41967 A gold-backed ruble and gold-backed yuan could start a ‘snowball exit’ from dollar Frederick William Engdahl notes, adding that it will diminish America’s ability to use the reserve dollar role to finance Washington’s perpetual overseas wars. The irony of the situation is that the central banks of China, Russia, Brazil and other countries “diametrically opposed” […]

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]]> /2015/12/gold-backed-ruble-yuan-to-trigger-global-de-dollarization/feed/ 1 China Starts Currency War /2015/08/china-starts-currency-war/ /2015/08/china-starts-currency-war/#respond Sun, 23 Aug 2015 22:38:18 +0000 http://www.eutimes.net/?p=40559 Beijing’s depreciation of the yuan in mid-August has triggered a wave of copycat moves from other countries and falling values of currencies. Is this a new currency clash, or is each case specific? What happened in China? In three consecutive days last week, the People’s Bank of China devalued the national currency, with a 4.4 […]

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]]> /2015/08/china-starts-currency-war/feed/ 0 Yuan outperforms Euro, becomes 2nd most popular trade finance currency /2013/12/yuan-outperforms-euro-becomes-2nd-most-popular-trade-finance-currency/ /2013/12/yuan-outperforms-euro-becomes-2nd-most-popular-trade-finance-currency/#respond Thu, 05 Dec 2013 18:55:20 +0000 http://www.eutimes.net/?p=30314 The yuan has replaced the euro to become the second most widely used currency in global trade in 2013, according to the SWIFT network responsible for international financial transactions. The share of the yuan in global trade finance has jumped from 1.89 percent in January 2012 to 8.66 percent in the form of letters of […]

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