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This footage was filmed and produced 10 May 2023. Chinese yuan and U.S. dollar in Yichang, Hubei Province, China, May 10, 2023. The Central bank authorized the China Foreign Exchange Trade System to announce that the central parity rate of RMB in the inter-bank foreign exchange market on May 10, 2023 was 6.9299 RMB against one US dollar. So far ...
May 11, 2023
Renminbi Currency Exchange
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GOVERNMENT CLARIFIES USE OF CHINESE CURRENCY Government has clarified that the decision to allow the payment of some mining taxes in the Chinese currency, the Yuan, also known as Renminbi, is a strategic and cost-saving measure aimed at improving debt management and reducing foreign exchange conversion costs. Minister of Finance and National Planning, Situmbeko Musokotwane, says the measure should not be interpreted as a shift from the Zambian Kwacha, which remains the primary legal tender for d
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GOVERNMENT CLARIFIES USE OF CHINESE CURRENCY Government has clarified that the decision to allow the payment of some mining taxes in the Chinese currency, the Yuan, also known as Renminbi, is a strategic and cost-saving measure aimed at improving debt management and reducing foreign exchange conversion costs. Minister of Finance and National Planning, Situmbeko Musokotwane, says the measure should not be interpreted as a shift from the Zambian Kwacha, which remains the primary legal tender for d
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