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Search results “Us dollars and chinese yuan exchange rate” for the 2013
the relationship between the current account balance and exchange rates of RMB against USD
 
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A nation's balance of payments measures all economic transactions between that nation's people and the people of all other nations. A country that spends more on imports than it earns from the sale of its exports is said to have a trade deficit. Such imbalances have become controversial topics of debate in political and economic circles, particularly over the last decade as the Chinese economy has emerged as the world's largest exporter. As goods and services flow from one country to another, the exchange rates of those countries' currencies tend to fluctuate to promote balanced trade between the two nations. However, in some cases, most notably China, a country's central bank will intervene in the market for its own currency to manage its exchange rate against that of a trading partner. When such interventions occur, the normal, moderating effect that rising and falling exchange rates has on trade flows is disrupted, and trade imbalances can become persistent. This Video illustrates how trade flows should lead to appreciation and depreciation of currencies in a floating exchange rate system, and then explain how in the case of China, central bank policy aimed at buying large quantities of US government debt keeps the supply of Chinese currency high in the US and the demand for US dollars high in China. This means the dollar remains stronger than it otherwise might relative to the Chinese RMB, contributing to the persistent trade deficits the US exhibits in its trade with China.
Inside the Chinese Basket: Is China Manipulating the Currency Exchange Rate?
 
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Speaker: Kazuo Yamazaki "Everybody is talking about China. In fact, everybody should be talking about China. According to the Nobel Laureate economist Joseph Stiglitz of Columbia University, China is today experiencing "the most remarkable economic transformation in history." But this "most remarkable economic transformation in history" has come with its cost, and this cost could be huge. Economists such as Morgan Stanley Andy Xie argues that China has been stuck in "macro trap" that disallows itself to freely control its interest rate or the exchange rate, and the hard landing due to the real estate bubble in 2007-08 is very possible. The other side of the picture of China's trade surplus has been the US current account deficit that has reached an unprecedented level of $820 billion in 2005 alone. Policymakers such as Schumer and Graham have been trying to impose tariff rates on the Chinese imports. Now Grassley and Backus are taking actions to put sanctions on the Chinese imports if necessary. John Snow of the US Treasury Department expressed his opinion that China has been manipulating its currency exchange rate for its export advantage. Chinese President Hu Jintao came to Washington to discuss the trade friction issue with President Bush but only left without making much progress. People's Bank of China has recently risen its domestic lending rate by 27 basis point and appreciated RMB below 8RMB-1USD. Yet, the internationally community remains unsatisfied. The world has seen such trade frictions before; during the Great Depression or the rise of Japan in the 1980s. Unfortunately, the world has never witnessed any good result out of these economic conflicts either. For example, economists such as Robert McKinnon of Stanford University points out that one of the main causes of Japan's Lost Decade in Great Deflation was due to the forced appreciation of Japanese Yen in the 1980s. My research combines information from different credible sources, and reaches several conclusions. Some of them are: 1) There has been an economy recycle between the US and China. 2) China does manipulate currency exchange rate, although plenty of countries have done the same in history. 3) People's Bank of China has not raised its rate partially to justify the devalued exchange rate of Chinese currency Rembini. 4) RMB is pegged to the basket with the USD being the dominant force inside the basket. 5) The global imbalance has been expanding in its magnitude day by day, and both China and the US have roles to play."
Views: 1349 aaaricuny
RMB 'Will Be as Familiar as Dollar' Will Chinese Yuan Replace The US Dollar As The Global Reserve
 
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Here's a short and sweet news item from the markets today: the Chinese yuan is the strongest it's been against the dollar in 20 years. The yuan is now trading at 6.09, its strongest level since 1993. This currency is on a slow boat to strength. It's been gaining, steadily, by about 2% to 3% a year. It's up 10% since the financial crisis began in earnest in October 2008. In Shanghai, with the new free trade zone pilot program in effect, the yuan is expected to become even more international. The central parity rate of the yuan against the U.S. dollar advanced four basis points to 6.1408 on Wednesday, according to data from the Central Bank, but it is allowed to be stronger than that off-shore. Authorities have taken steps in recent weeks to promote the use of the yuan in international trade. On Tuesday, China and the United Kingdom agreed to continue to build London into a major offshore market for yuan trading, underlining the strong financial ties between the two countries. "Many factors are affecting the foreign exchange market at the current time, including decision makers' stands toward the ongoing rising price of the yuan against the US dollar," Zhou Yunxie, a foreign exchange analyst with Shanghai-based Zhongqing Gold Investment told China Daily today. A look at where wealthy Chinese are spreading their yuans around the globe. watch more from http://youtube.com/user/videofilmfiles
China's RMB Exchange Rate With Dollar Rises, But Devalues Internally
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews Chinese people are mocking rising exchange rate prices for the Renminbi, despite it having devalued inside China. One young man was interviewed by China's Central Television (CCTV) during the Third Plenary Session of the Chinese Communist Party (CCP). He highlighted that this is the issue of "most concerns for reforms". Analysts say that the RMB has been repeatedly devalued in China. However, the exchange rate against the dollar has continued to rise. The result is that the Chinese people can't afford to live, and foreign companies are constantly complaining. On November 12, the four-day party meeting came to a close. Prior to this, a CCTV reporter interviewed Chinese people on the street, with many responding that they didn't know what the Third Plenary Session was about. Instead, people complained about increasing house prices, and expensive medical care. One man said that the "RMB is in a sorry state for the Chinese people." Hua Po, current affairs commentator: "RMB has repeatedly depreciated, but the price of goods has risen. The exchange rate for the RMB against the dollar has continually risen. For ordinary Chinese people, prices are higher, but their incomes can't pay their bills. Thus, they complain everyday about the high prices." Hua Po says that foreign trade companies are also complaining. Because RMB exchange rates are constantly rising, their export competition has been deeply weakened. Who is benefiting from this situation? Hua Po: "The privileged groups within the CCP can benefit. This is because they can push the prices very high inside China, and thus make the RMB devalue. Once they acquire devalued RMB, they can exchange it to dollars at a good rate, and then transfer it abroad. This system has become very profitable." Chinese state media reported that 'Grandma Li' went to buy rice in a market. She found the price went up to 6.6 yuan per kilogram, and could remember that it was 3.8 yuan per kilogram in 2005. Lan Jiping, Professor at Capital University of Economics and Business in Beijing, also took rice as an example. Lan calculates the value for 1000 yuan, which is equivalent to 576 yuan in 2005. It means that 1000 yuan has lost value by 424 yuan within eight years. Money Weekly reported that cloth was worth a few dozen yuan in the past. It is now selling for over a thousand yuan. Property prices have risen from several thousand yuan per square meter to between 30,000 to 40,000 yuan. Taking these cases as examples indicates that RMB has devalued by 500% within eight years. Gong Shengli, researcher, China Financial Intelligence Unit:"Chinese people's income hasn't increased accordingly. Who should pay them money? Civilians have to pay more, but they don't get the income they need to do so." Hong Kong's Oriental Daily describes that China is the worlds largest bank note printing country. At the end of 2012, China's money supply reached 97.4 trillion yuan. This is nearly taking up 25% of the global total, and is 1.5 times greater than the US. The report says that the madness of printing money is equivalent to simply ripping off it's civilians. Zhu Xinxin, former editor, Hebei People's Radio Station:"The CCP uses different ways to plunder from its citizens, some of which are visible, the others invisible. There are so many different taxes and fees, which civilians become heavily burdened by." Zhu Xinxin suggests that large amounts of bank notes have been printed, resulting in the rich becoming richer, and the poor becoming poorer. Rich people are using financial leverage to increase their wealth, and poor people are finding it difficult to survive. Zhu Xinxin: "CCP propaganda of China as a prosperous nation is an entirely illusory image. The truth is one of rich officials and poor civilians. Actually, the privilege group of CCP officials have seized the national assets in their hands." Sources indicate that 0.4% of the Chinese people have seized 70% of China's wealth. The high-level CCP, and the families of officials and princeling covert both the money and land. They launder the money, and their assets have reached thousands of billions of yuan. Sources say that PetroChina, China Mobil, Industrial and Commercial Bank, and other major state-run companies' were listed on the US stock market. US The state-run People's Tribune newspaper has reported that in 2009, relevant organs announced the 3,000 richest Chinese families. These families' wealth has a net worth of 1.69 trillion yuan. The article admitted that two out of three resources of the richest families are "red families and red businessmen." 《神韵》2013世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 826 ChinaForbiddenNews
New US Bill to Pressure China Yuan Valuation
 
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US lawmakers are making a renewed attempt to push thorough legislation on China's currency. They say the low value of the yuan is hurting US businesses. During his visit to China, US Treasury Secretary Jack Lew raised the issue of the valuation of the yuan with Chinese leaders, urging them to allow the currency to follow market demand. On Wednesday, a bill to press China to change its currency policy was introduced to the US House of Representatives. It's similar to bills proposed in 2010 and 2011 that eventually failed to get the final congressional approval. The latest version is co-sponsored by 101 House lawmakers. It would allow US companies to seek countervailing duties against Chinese goods to offset exchange rate disadvantages. The yuan has risen 16% in value against the US dollar since 2010. But critics of China's currency policy say the yuan is kept an artificially low to allow Chinese exporters to sell their goods cheaper overseas. Jack Lew said after his two-day trip to Beijing that Chinese leaders acknowledged that a market-determined yuan would be in the interest of both countries. For more news and videos visit ☛ http://ntd.tv Follow us on Twitter ☛ http://twitter.com/NTDTelevision Add us on Facebook ☛ http://on.fb.me/s5KV2C
Views: 1011 NTDonChina
Currency wars
 
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International currency wars are triggered when some of the world's most powerful economies battle to remain commercially competitive. By devaluing their currency, nations are able to benefit from lower exchange rates -- thus favouring trade.
Views: 8332 AFP news agency
Nigeria's Black Market Money-Changers
 
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► Subscribe to BattaBox on YouTube: http://goo.gl/4dgy2r (Nigeria Forex) The best place to change money in Lagos is not the Forex Bureau or the bank - but the street corner with the Mallams where you can haggle for the best black-market rate and any currency: "I change all currency - I change Dollar, Pounds, Euro, Chinese currency, Dubai currency, all sorts of currency worldwide," says Mr Balai. Watch our report on Nigeria's best place to change money: (Nigeria Forex) Nigeria's Black-Market Money-Changers - how to change money in Nigeria: Officially, Nigerians are supposed to go to the bank to change foreign currency - especially due to the fear of scams and thieves taking your money. However, the 'black market' money-changers are to be found in most districts of Lagos, for example, at Allen Roundabout or along King's Way in Ikoyi. The reason, says the Mallams of our black-market Nigeria Forex, is simple: "If you buy at a bank, they will buy at a low price - but we buy higher and that is why people come to us," says Balai. "If you get $200 or $20, you no go go bank, you go come change am quick get your money," says Alhaji Yaya. "If you go to the bank you go waste time like 30 mins or 20 mins, here highest 5 mins or 1 minute you don go." Although most of the money changers are not educated from school, but when it comes to exchange rates, they are highly literate. But how do they keep up with the fast changing international rates of the global currencies such as the dollar..? "The prices comes from the CBN, the first thing in the morning is to know the prices before you start your transactions." explains Mr Balai. December is the busiest time as many Nigerians return from aboard - especially the US and UK - and bring with them plenty of foreign currency. Trust is an essential part of the transaction - any good money-changer will encourage you to count your money before you leave. But still problems remain, as Mr Balai explains: "Sometimes people come with fake money and sometimes you might not know until later after they've gone," he says. "But the honest people will come back." **** CLICK HERE TO SUBSCRIBE FOR NEW BATTABOX VIDEOS EVERYDAY: http://goo.gl/vJfFY ... YouTube: http://www.youtube.com/user/BattaBox ... Website: http://BattaBox.com ... Google+: http://www.google.com/+BattaBox ... Twitter: http://twitter.com/BattaBoxNigeria ... Facebook: http://www.facebook.com/BattaBox **** BattaBox is Nigeria's most exciting Nigeria News & Entertainment channel based in Lagos! We are the fact behind Nigerian Movies fiction, a few stories on Nigeria Forex, Nollywood in real-life and much more! **** Thank you for supporting BattaBox by clicking "Subscribe" and sharing the video with your friends with the buttons below! -- #BattaBox #BattaBoxNG #Nigeria #NigerianComedy #NigerianMusic #NigeriaFashion #NigerianNews #HowTo #Shocking
Views: 26706 BattaBox
Chinese Yuan
 
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Chinese Yuan
Views: 98 Jermaine Ellis
Exchanging Money in Myanmar
 
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http://grrrltraveler.com/countries/asia/myanmar/dealing-with-currency-in-myanmar-burma/ I think one of the hot topics with anyone interested in traveling to Myanmar is money. "No, sorry" she leaned, sliding my hundred dollar back to me with a polite smile. "It is marked". I didn't know what she meant. I had tried to get the freshest and newest looking dollars possible. She pointed to a marking on the back of the bill. There it was. Someone had discretely stamped it as some type of authorization, similar to the way American sales people like to hold up a fresh bill to the light to examine it's authenticity before striping it with a highlighter to see if affects counterfeit paint. Who turns away a hundred dollar bill? I'm sure it's heartbreaking on both ends. Myanmar's corrupt currency history Although I'd heard about U.S. bills being rejected for slight misdemeanors, it still seemed kinda nutty that a developing country would reject a hundred dollar bill. At the time, I didn't know their history with currency. In earlier days, the government used to mess with the people. They'd change the currency on them. If they felt too many people were getting rich, they'd announce that the currencies of the highest denomination — like the hundred dollar bill-- would be taken out of circulation. Hundred dollar bills lost their value. All that money was lost. The government would also change their own currency denominations based on whim, like a leader's lucky number. So eventually that the Burmese realized the one currency whose value couldn't easily be changed on whim was the American dollar. Distrusting of the government and banks, many Burmese withdrew their money and started keeping their American dollars in large books, to keep their dollars pressed, safe and pristine. Today, many Burmese still prefer to safeguard their money in their homes. For more, click on the link above. *LET'S CONNECT!* Official GRRRLTRAVELER Website: http://grrrltraveler.com Facebook: http://facebook.com/GRRRL.TRAVELER Twitter: http://twitter.com/grrrltraveler Solo Travel Blog: http://grrrltraveler.com Pinterest: http://pinterest.com/grrrltraveler Instagram: http://instagram.com/grrrltraveler For more videos about travel survival | solo travel: http://youtube.com/ckaaloa Travel Survival | Solo Travel | Live with GRRR!
Currency Exchange Basics.   Direct vs. Indirect
 
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Brief video to explain the basics of currency exchange. This video explains the difference between direct exchange rates and indirect exchange rates.
Views: 8807 O'Reilly Accounting
US dollars to be swept out of Russia
 
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One of the world's reserve currencies, the U.S. dollar, may soon disappear in Russia. According to deputies of the State Duma, the Russians trust the dollar, despite the U.S. crisis. Russian MPs are worried that the dollar system may collapse in 2017 due to the growth of the U.S. government debt. Michael Dyagterev, politician, member of the State Duma from the Liberal Democratic Party "The main objective of the bill is to have a discussion. This is multi- task goal, one of the parts of which is to stop the entry of the dollar in Russia. The second task is to push our leaders towards making all our export operations, including oil and gas ones, in rubles. And, as the crown of the strategy, to create a global reserve currency called the ruble. There's nothing to fear. It's the Americans who should be worried. Their national debt is 17 trillion dollars, and it will grow from month to month. Buildup debt is a strategy of the American elite. Since debt is a process that has its end, then the process will end with a default or any other type of turmoil. We need to convert all reserves of the country into gold. No currency should be left there, all paper reserves are disastrous for Russia. This is also a part of the strategy that should be conducted." Should the bill on the ban of the circulation and storage of U.S. dollars in Russia be approved, the owners of American bank notes will have to either spend their dollar cash within one year or exchange it for another currency. Otherwise, banks will be forced to sell dollars at an average exchange rate of the previous year. There will be special measures provided to prevent the storage and use of dollars. The American currency will be seized by law enforcement agencies for a period of up to 30 days, and then exchanged and returned to the owner in the domestic currency. Michael Dyagterev, politician, member of the State Duma from the Liberal Democratic Party. "With regard to the dollars kept by citizens, the bill stipulated no special measures. We simply encourage people to convert all their dollar deposits in rubles, exchange all cash dollars for rubles, or some reliable currency, for example, the Swiss franc, or buy gold. In the event dollars are found, the state will pay the equivalent in rubles, dollars will be withdraw from circulation and exchanged for rubles." Will the bill come into force? It is obvious that it will trigger a vivid discussion reminiscent to the never-ending debate between Westerners and Slavophiles. And whose side are you on?
Views: 28815 Pravda Report
China will end Yuan intervention: Caps on deposit rates may be gradually removed
 
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Chinese central bank governor Zhou Xiaochuan has announced a big big chance to China's currency markets. He's announced that China will "basically" end normal intervention in the currency market and broaden the yuan's daily trading limit.
Views: 119 CGTN
Jim Rogers - US Dollar will Disappear, China's RMB is the future (12Sep13)
 
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CNC World Content All Rights Reserved "I expect a currency to compete with the US dollar and to replace the US dollar. The only currency I can see on the horizon is the Renminbi. Once the RMB becomes convertible it will compete with the US dollar. My children are Americans, they do not have American bank accounts, they have their bank accounts in Asia. They know the US dollar will be problematic at best and it will disappear from the world stage. Temporarily we own US dollars even though we do not expect it to develop it in the future. I own Renminbi, see me afterwards and I will buy the Renminbi because in the long-term I am optimistic about your currency. I am extremely optimistic about agriculture. Think about agriculture in China. In addition, tourism, there are 1 billion 300 million Chinese. You are now going to see your own country and the world".
Views: 2908 gmshadowtraders
Will China's foreign reserves growth trigger currency war?
 
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China's yuan recorded its biggest weekly gain since May. It rose to a record high on Friday powered in part by strong capital inflows.But some say its appreciation may prove unsustainable because of concerns about the strength of China's recovery.Its economy rebounded in the third quarter, expanding by 7.8 percent, but it still isn't clear whether the country can sustain the pace of growth.China's stash of foreign exchange reserves saw their biggest quarterly increase since the second quarter of 2011. They jumped by USD 160 billion in the three months to the end of September. John Hardy says: "The flows have been so heavy, that the Chinese central bank has stepped in to keep the rate from appreciating too quickly".There have been ongoing discussions in the last few years that countries are purposefully debasing their own countries to improve competitiveness - a concern that has been given the moniker "currency wars".About this, John says: "The Chinese currency has appreciated so much and a currency war is pretty much off the table from the US side. Ironically, it could be coming back from the other way - from China complaining about the Bank of Japan policy, or about the Fed policy."So I think there is a currency war risk longer term but actually coming back the other way".Looking at the Yuan, John says it's "interesting to notice that the Yuan is getting to record levels against the dollar".He suggests investors looks out for that all important 6 level and says it will be interesting to "see if China is going to continue to allow this to happen".
Views: 180 TradingFloor.com
Argentina  Multiple exchange rates. Severe Capital Controls by Strongman Shelford
 
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Strongman Shelford Update reporting from Argentina. We have the official inflation rate = 10% . Private consulting firms inflation rate: above 25%. We are not allowed to buy foreign currency easily. We can´t access foreign currency or gold for "savings". So , go figure. we have now more than 4 PESOS-US DOLLAR exchange rates. Learn from argentinians: the nation who has seen almost every possible financial doom you can imagine! :) If you want to learn about economic doom, ask an argentinian ;) www.silvertardsweride.com www.beawallstreetraider.com
Views: 634 Strongman Shelford
Investing in China's Currency, the Renminbi Yuan
 
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Explores reasons to consider investing in the renminbi yuan, China's currency, with the Guinness Atkinson Renminbi Yuan & Bond Fund.
Views: 4007 GuinnessAtkinson
RMB keeps rising against U.S. Dollar
 
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Cathy Yang reports from Hong Kong on Beijing's plans to make the RMB a global currency. Subscribe to BizAsiaAmerica: http://goo.gl/FMKaBj Follow CCTV America: Twitter: http://bit.ly/15oqHSy Facebook: http://on.fb.me/172VKne »» Watch CCTV America 7:00pm -- 9:00pm EST daily «« Washington, DC (and greater area) • MHz - Channel 3 • COMCAST (Xfinity) - Channel 273 New York City • Time Warner - Channel 134 • FiOS (Verizon) - Channel 277 Los Angeles • Charter Cable - Channel 562 • Time Warner - Channel 155 Satellite Nationwide • DISH TV - Channel 279
Internationalizing the Yuan
 
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http://www.forexconspiracyreport.com/internationalizing-the-yuan/ : Internationalizing the Yuan China has a number of issues to deal with relating to their economic growth and history of currency manipulation. The fast growing Chinese economy has accumulated billions of dollars' worth of assets denominated in foreign currencies. The keys to Chinese success have been first of all a cheap labor pool and significant foreign investment in Chinese industry. And second the Chinese have continually purchased US dollars on the Forex markets and purchased US government debt. This second tactic has served to keep the value of their currency unusually low and allowed them to attractively price their exports. Unfortunately for China not all good things last. First of all the recession has hit Europe hard and Europe has been China's best customer. It has also hit North America so that neither of the two greatest economies in the world is buying as much from China. And the US government is going through a prolonged period of dysfunctionality. The threat of debt default scares China which holds billions in US denominated currency and bonds. But, where does China dump these assets without further devaluing what they hold. One solution is what China is going about doing, internationalizing the Yuan and that will lead to the Yuan fluctuation with other foreign currency exchange rates. Internationalizing the Yuan, within Limits Most recently Singapore and China announced direct trading between their currencies. This adds Singapore to Hong Kong, Taiwan, and London as offshore hubs for Yuan based investment. In the case of Singapore there will be a $8 billion quota (50 Billion yuan). Institutions in Singapore will be able to invest in Chinese domestic securities. The program is called the Renminbi Qualified Foreign Institutional Investor. In addition, Chinese institutional investors will be able to use the Yuan to purchase available securities in Singapore. Just recently a similar program was opened in London in which direct trading between the GBP and Yuan was started. China is in the process of internationalizing the Yuan within limits. The problem China will have with internationalizing the Yuan is that they will need to let its value float against other currencies. That will be detrimental of Chinese exports if the Yuan drifts too high in international markets. Currently these markets allow the Yuan to trade within limits against the USD, Yen, AUD, GBP, and Singapore dollar. On the horizon is a program to let Chinese investors convert their Yuan for overseas investments through these limited venues. Trading while China Is Internationalizing the Yuan Current exchange rates are around six Yuan to the US dollar and five to the Singapore dollar. Volatile markets of late have raised both prospect of profit and loss in trading the Yuan. However, as China succeeds in internationalizing the Yuan they will succeed in having foreign contracts written in Yuan instead of US dollars and possibly end up being a safe haven currency even as being a safe haven currency may escape the USA. The driving force behind the relative value of the Yuan still is the desire to protect Chinese exports. However, the Chinese have to a degree painted themselves into a corner with that policy and if they want to be successful in internationalizing the Yuan they will need to let it float and that could spell profits for traders who are adept at predicting changes in foreign currency rates. http://youtu.be/yi5gnX2-bQk
Views: 478 ForexConspiracy
unilateral appreciation from RMB against USD still haunts in 2014 Chinese Export&rate dilemma
 
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The yuan rose to its strongest level against the US dollar in nearly two decades yesterday, highlighting Beijing's determination to roll out more reforms to make its currency more flexible despite the short-term headwinds to exports. The renminbi has been trading near the upper limit of its daily trading band from February till June this year. Since June, the gap between the spot rate and the daily reference rate - which is set by the central bank as the middle point of the permissible trading band - has narrowed as expectations of yuan appreciation cooled following disappointing economic data from Beijing. But since late last month, the currency regained upward momentum as the government kept setting a stronger daily reference rate, at odds with data signalling a further slowdown that would logically prompt a weakening of the currency. The yuan closed at 6.1192 against the US dollar in Shanghai yesterday, marking the strongest level since the end of 1993. That was again near the top of the 1 per cent range in which the currency is allowed to deviate from the daily reference rate. Economists, however, said room for yuan appreciation from the current level was limited in the second half of this year and into 2014 as Beijing battled to keep economic growth around the 7.5 per cent mark - no mean feat given the relative loss of currency competitiveness seen since 2005 when the yuan's peg to the dollar was broken. It has strengthened by more than 30 per cent since and has gained 1.8 per cent so far this year. "China has a domestic crisis now. The regulators want to hold money in the country ... to prevent capital flight," said Andy Xie, an independent economist, who expected the currency to trade around the current level till the end of this year. In the offshore non-deliverable forwards market, which many analysts say gives the clearest view of where foreign investors believe the currency is headed, the yuan on a 12-month view has been trading at a discount of about 2.5 per cent to the onshore spot rate. The government kept the currency stable in 2008 in a bid to counter the global financial crisis. Now, said Xie, the regulators should continue to do so to counter a domestic economic slowdown. Some economists believe the central bank wants to send a signal by setting the reference rate at a strong level. "It could be a signal that Beijing wants to widen the trading band, as it mentioned earlier this year," said Liu Ligang, an economist at ANZ bank. "By pushing the currency to an unsustainable strong side, the PBOC intends to see it overshoot to the weak side pushed by market forces. It appears this policy move could be imminent," he said. The central bank increased the trading band to 1 per cent of either side of the reference rate from 0.5 per cent last year and the market has been expecting a further widening after a Communist Party plenary meeting in October. unilateral appreciation from RMB against USD still haunts in 2014,MORE latest videos about china bank financial system browse and subscribe channal at http://youtube.com/user/cosmeticmachinesa
Chinese yuan to be available at local ATMs
 
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Domestic banks will be allowed to dispense Chinese yuan starting Wednesday. The currency will also be available at some ATMs, and people will be able to open Chinese yuan denominated deposits bearing special interest rates. Starting Feb. 6, a visit to a local ATM will allow one to directly withdraw Chinese yuan, with an upper limit on withdrawals of 3,000 yuan a day.Taiwan has seen increasing demand for Chinese yuan, with the Shanghai Commercial and Savings Bank and Standard Chartered Bank allowing people to open an account with just 1 yuan. Furthermore, some banks are launching three month time deposits with an interest rate of 3.5 percent, much higher than NT dollar deposits. "If they allow these deposits I think it would be more convenient, and if we can get interest, why not do it?"But
World Reserve Currency
 
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World Reserve Currency http://www.theforexnittygritty.com/forex/world-reserve-currency Most Forex traders view the US dollar as a safe haven currency. After all, the USD accounts for nearly two thirds of foreign currency reserves held by the central banks of the world. The Euro holds second place with just under a fourth of all currency reserves. There are a number of advantages to the USA of having what amounts to the world reserve currency. Virtually all commodities are denominated in US dollars. The USD is part of eighty-five percent of all Forex trades. Many foreign contracts are written in US dollars even though the USD is not the home currency of either party. And, when the United States wants to borrow money to finance its ever-growing debt, everyone still is willing to purchase United States Treasuries with their currency. There is no risk in the short term that this situation will change because of the fact that the US economy is far and away the largest in the world. However, there are a couple of concerns regarding the status of the dollar as the world reserve currency. These are the risk of debt default due to a malfunctioning political system in the USA and continuing long term devaluation of the USD. Risk Hedging versus Speculation Foreign currency trading serves two purposes. First and foremost the Forex market exists to facilitate international trade and the movement of wealth. Companies that do business in the international arena and people who earn their money in unstable regions of the world prefer a stable currency for doing business and storing wealth. The second purpose is speculation. Currency speculators do not especially care for stable currencies. Rather they would prefer that the USD is going up or down but not standing still. The status of the USD as the world reserve currency affects its use in international trade and it especially affects the use of the USD as a safe haven currency. Short versus Long Term Competition for World Reserve Currency Status Given the economic weakness of the European Union and speculation as to its breakup the Euro poses no short term threat of the USD as world reserve currency. China is intent on making the Yuan an international currency. However, the Yuan exchange rate is fixed within a government prescribed trading range. And, the Yuan is to a large degree an instrument of economic and political policy of the ruling Communist regime in Beijing. The Chinese economy is a fraction of that of the USA and would need to continue its breakneck pace of the last couple of decades to catch up. And cracks are showing in the Chinese economic miracle just recently addressed by the Communist hierarchy. In all likelihood no one is going to want to store value long term in Yuan when they can put all or part in the USD, Euro, British Pound, or Swiss franc. To be a world reserve currency means that the currency needs to engender confidence. The Euro is currently questionable. None other is as strong. And until China lets its currency float with the market it will engender no confidence as a safe haven or world reserve currency. Threats to the USD as World Reserve Currency The USD will probably adjust downward a bit as the Fed continues its quantitative easing program. It may jump up as the Fed backs off and interest rates go up. But over time a weaker dollar will help the USA bring manufacturing back home and stimulate the economy. If the dollar continues to fall, year after year, it could eventually be too cheap to be a world reserve currency. After all who wants to hold a currency that is on its way to being worth pennies on the dollar? This scenario is not likely to happen and certainly not in the near future. However, a viable threat is the current dysfunction of the US government. Those who wish to park their wealth in a stable currency are not pleased to think that tomorrow they will not receive interest on their US treasuries or that the US could default on its sovereign debt. To quote Abraham Lincoln, if destruction be our lot we must ourselves be its author and finisher. Or, we have met the enemy and he is us, Pogo Possum. http://youtu.be/9-h3VSX6hvk
Views: 2031 ForexConspiracy
Can U S  Dollar Standard Remain Global Reserve Currency    Mike Maloney
 
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A gold standard Three types may be distinguished.[ In the gold specie standard the monetary unit is associated with the value of circulating gold coins or the monetary unit has the value of a certain circulating gold coin, but other coins may be made of less valuable metal. The gold exchange standard usually does not involve the circulation of gold coins. The main feature of the gold exchange standard is that the government guarantees a fixed exchange rate to the currency of another country that uses a gold standard (specie or bullion), regardless of what type of notes or coins are used as a means of exchange. This creates a gold standard, where the value of the means of exchange has a fixed external value in terms of gold that is independent of the inherent value of the means of exchange itself. Finally, the gold bullion standard is a system in which gold coins do not circulate, but the authorities agree to sell gold bullion on demand at a fixed price in exchange for currency.
Views: 69 Goldof World
Currency conversion
 
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How to calculate currency conversion Visit us at www.practiceaptitudetests.com
Views: 206695 Practice Aptitude Tests
IMF-YUAN A RESERVE CURRENCY NOW???.MPG
 
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thanks for watching! AS SOON AS IT BREAKS (IF IT DOES AT ALL) I"LL MAKE A VIDEO! rftvg http://www.telegraph.co.uk/finance/financialcrisis/5325805/Chinas-yuan-set-to-usurp-US-dollar-as-worlds-reserve-currency.html http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130118000075&cid=1102 http://www.realistnews.net/Thread-china-makes-move-to-collapse-us-dollar-launches-gold-back-global-currency
Views: 499 Amerishima2012
A stronger Chinese yuan is a positive for other ASEAN currencies, according to FX strategist Bria...
 
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A STRONGER CHINESE YUAN IS A POSITIVE FOR OTHER ASEAN CURRENCIES, ACCORDING TO FX STRATEGIST BRIAN JACKSON. SHOWS: HONG KONG, CHINA (NOVEMBER 28, 2012 (REUTERS - ACCESS ALL BRIAN JACKSON, GLOBAL FX STRATEGIST, COUTTS 1. REPORTER OFF CAMERA SAYING: "The U.S. Treasury report came out & the Obama administration declined to brand China as a currency manipulator, while saying the yuan "remains significantly undervalued". The comments come just as the yuan closed at a record. What is the true value of the yuan and where do you see it headed?" 2. (SOUNDBITE (English BRIAN JACKSON SAYING: "Well I think there's a range of estimates about what the equilibrium value for the yuan is. But most estimates, and I would agree with this, shows it's quite stronger than where we are right now. We've seen the yuan on an appreciating trend on and off for the last 6 or 7 years. And I think there's still some way to go if you look at the current account surplus and the overall competitiveness of Chinese manufacturing. So we would expect to see the yuan to continue to trend higher against the dollar and other currencies over the medium term." 3. REPORTER OFF CAMERA SAYING: "The euro has weakened against the yuan over the past few months. How much further weakness do you expect the euro getting against the yuan? 4. (SOUNDBITE (English BRIAN JACKSON SAYING: "Well we're expecting the euro to weaken against the dollar over the next 6-9 months. And so that implies that we're also expecting it to weaken even further against the yuan, given that we do expect the yuan to strengthen against the dollar. So we see a continuing on this trend. What tends to be the case is, as I said before, if Beijing is confident about the global outlook, then they will allow the yuan to strengthen. If you go back earlier this year when everything was very serious in Europe and people were very worried about a breakup of the euro, that's when you did see the yuan actually start to weaken. Now in the last few months though, I think there's greater confidence that we will avoid a collapse of the euro zone. And so that has allowed the yuan to start strengthening against the euro and other major currencies." 5. REPORTER OFF CAMERA SAYING: "The Philippines pesos is the strongest Asian currency against the U.S. dollar. Its Q3 GDP growth also beat forecast. What are the prospect for the ASEAN currencies against the dollar? What are the best pair trades? 6. (SOUNDBITE (English BRIAN JACKSON SAYING: "We do expect to see broad base gains in ASEAN and broader Asian currencies over the next 6-9 months. What you're seeing is firstly a pickup in the yuan, the Chinese yuan, and when that happens, central banks and policy makers elsewhere in the region are more comfortable with letting their own currency appreciate because they're not going to be losing competiveness versus their Chinese rivals. So the stronger yuan is a positive I think for most other regional currencies. And also we do expect to see a pickup in U.S. growth which will provide a boost to risk appetite and a boost to external demand for the region which, again, should be supportive of currencies." 7. REPORTER OFF CAMERA SAYING: "The Japanese yen has been weakening amid Bank of Japan's easing bets. What are the risks that other Asian currencies might depreciate along with the yen to stay competitive?" 8. (SOUNDBITE (English BRIAN JACKSON SAYING: "I think that you will see some concerns amongst policy makers elsewhere in Asia. That they need to keep up with a weaker yen,. But there's other factors also at play here. So as I mentioned before, we've got the Chinese yuan strengthening, so that's going to offset, I think, the impact of the weaker yen. Also, what is happening is that you've got quantitative easing by the Fed, by the ECB, and by the Bank of Japan. And that's producing a lot of global liquidity that is finding its way into high-yield currencies such as you do find in emerging Asia. And so I think that's going to be the stronger influence. And that you will see upward pressure on most regional currencies despite the weaker yen."
Views: 308 Market Screener
07/02/13. Deadly Protest in Egypt! China & UK's Currency Deal! Student Loan Rates DOUBLE!
 
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My commentary on violence in Detroit emergency rooms, deadly protests in Cairo, Egypt, the United Kingdom and China signing a three year currency swap deal, u.S. college loan rates rising to 6.8% pending a Senate vote to repeal it and a smart move by TSA. Tens of thousands of Egyptians flood streets to demand Morsi quit http://worldnews.nbcnews.com/_news/2013/06/30/19217508-tens-of-thousands-of-egyptians-flood-streets-to-demand-morsi-quit?lite U.K., China reach currency deal http://www.marketwatch.com/story/uk-china-reach-currency-deal-2013-06-23-121035528 British, Chinese central banks agree currency swap line http://www.foxnews.com/world/2013/06/22/british-chinese-central-banks-agree-currency-swap-line/ As student loan interest rates double, strategize to keep education debt to a minimum http://www.nydailynews.com/news/national/education-debt-minimum-article-1.1386713 Bitcoin exchange files with US Treasury regulatory agency http://www.pcworld.com/article/2043360/bitcoin-exchange-files-with-us-treasury-regulatory-agency.html ISM: 50.9% http://www.ism.ws/ISMReport/MfgROB.cfm?navItemNumber=12942 Major Change Coming To The Security Lines At DIA http://denver.cbslocal.com/2013/06/29/major-change-coming-to-the-security-lines-at-dia/ Detroit area hospitals fight to stem emergency room violence http://www.detroitnews.com/article/20130701/BIZ/307010016/Detroit-area-hospitals-fight-stem-emergency-room-violence?odyssey=tab|topnews|text|FRONTPAGE
Views: 5552 DEMCAD
USD RMB Exchange Rate
 
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Views: 138 coolkemme3
The Effects Of Currency Fluctuations On The Economy  1
 
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Currency fluctuations are a natural outcome of the floating exchange rate system that is the norm for most major economies. The exchange rate of one currency versus the other is influenced by numerous fundamental and technical factors. These include relative supply and demand of the two currencies, economic performance, outlook for inflation, interest rate differentials, capital flows, technical support and resistance levels, and so on. As these factors are generally in a state of perpetual flux, currency values fluctuate from one moment to the next. But although a currency's level is largely supposed to be determined by the underlying economy, the tables are often turned, as huge movements in a currency can dictate the economy's fortunes. In this situation, a currency becomes the tail that wags the dog, in a manner of speaking. Currency Effects are Far-Reaching While the impact of a currency's gyrations on an economy is far-reaching, most people do not pay particularly close attention to exchange rates because most of their business and transactions are conducted in their domestic currency. For the typical consumer, exchange rates only come into focus for occasional activities or transactions such as foreign travel, import payments or overseas remittances. A common fallacy that most people harbor is that a strong domestic currency is a good thing, because it makes it cheaper to travel to Europe, for example, or to pay for an imported product. In reality, though, an unduly strong currency can exert a significant drag on the underlying economy over the long term, as entire industries are rendered uncompetitive and thousands of jobs are lost. And while consumers may disdain a weaker domestic currency because it makes cross-border shopping and overseas travel more expensive, a weak currency can actually result in more economic benefits. The value of the domestic currency in the foreign exchange market is an important instrument in a central bank's toolkit, as well as a key consideration when it sets monetary policy. Directly or indirectly, therefore, currency levels affect a number of key economic variables. They may play a role in the interest rate you pay on your mortgage, the returns on your investment portfolio, the price of groceries in your local supermarket, and even your job prospects. Currency Impact on the Economy A currency's level has a direct impact on the following aspects of the economy: Merchandise trade: This refers to a nation's international trade, or its exports and imports. In general terms, a weaker currency will stimulate exports and make imports more expensive, thereby decreasing a nation's trade deficit (or increasing surplus) over time. A simple example will illustrate this concept. Assume you are a U.S. exporter who sold a million widgets at $10 each to a buyer in Europe two years ago, when the exchange rate was EUR 1=1.25 USD. The cost to your European buyer was therefore EUR 8 per widget. Your buyer is now negotiating a better price for a large order, and because the dollar has declined to 1.35 per euro, you can afford to give the buyer a price break while still clearing at least $10 per widget. Even if your new price is EUR 7.50, which amounts to a 6.25% discount from the previous price, your price in USD would be $10.13 at the current exchange rate. The depreciation in your domestic currency is the primary reason why your export business has remained competitive in international markets. Conversely, a significantly stronger currency can reduce export competitiveness and make imports cheaper, which can cause the trade deficit to widen further, eventually weakening the currency in a self-adjusting mechanism. But before this happens, industry sectors that are highly export-oriented can be decimated by an unduly strong currency.
Views: 2691 horyia hamdy
Currency Manipulation
 
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Marty Mazorra illustrates the sad, somewhat subtle, and grossly under-reported impact proactive currency devaluation has on the taxpayers of the devaluing nation.
Q&A Future of China's Exchange Rate Policy
 
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July 21, 2009 Morris Goldstein and Nicholas R. Lardy take audience questions at the release of their latest book, The Future of China's Exchange Rate Policy, at an event at the Peterson Institute for International Economics.
Chinese Currency Manipulation
 
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enjoy!
Views: 17 UberBenny1
RMB Devaluation: Who Wins?
 
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Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews While the purchasing power of RMB continues to decline in Mainland China, the exchange rate has continued to rise. This phenomenon has troubled Chinese people. People complain, saying, "RMB should be sorry to the Chinese." Experts say that the Communist Communist Party (CCP) currency policy has created huge foreign exchange reserves. It has also created the devaluation of RMB in China, high exchange rate overseas, and a burden to China. As for who is exactly benefiting from this policy, we will take a look. In recent years, China has seen depreciation of the RMB domestically, and appreciation in foreign exchange rates. Elite groups of the CCP have plundered national resources and wealth, transferring them overseas. This is done through buying overseas properties, real estate, and luxury goods. This leads to soaring prices in the foreign countries. Recently, Chinese buyers have purchased property in Houston, USA, containing nine projects, and approximately 2,600 rental apartments. Among them is Boyu Capital, a Chinese private equity fund. Reportedly, Jiang Zemin's 27-year-old grandson, Jiang Zhicheng, is a major investor in Boyu Capital. In addition, Hong Kong, has tried to cool down the property market, to avoid a property bubble. Investment from China has made it hard to control. Jason Ma, financial expert: "RMB purchasing power abroad is strong. That's why Chinese tourists have swamped branded stores in the US. To those who take advantage of traveling and shopping, they are the winners. But to those who struggle to make both ends meet, they are faced with higher and higher prices." The US Federal Reserve has decided it's fund rates unchanged at 0.0-0.25%. Interbank rates have gone as high as 6% in China. CCP officials thus take advantage of high interest rate differentials, and make profits from huge assets they hold. They do this by transferring them back to China to absorb the interests. As a result, inflation is further increased in China. Economists explain that following the end of the Federal Quantitative Easing policy, and recovery of the economy in the US, those funds will transfer back to the US after absorbing interests in China. Ren Zhongdao, financial analyst: "Inflow of hot money will lead to the appreciation of the RMB. As foreign currency rushes into China to absorb interests, the central bank will issue RMB to balance the needs. This will continue." China has become the world's largest currency issuing country. As of the end of November, China's broad measure of money supply, called M2, exceeded 107 trillion yuan ($17.6 trillion). This is despite the lasting cash crunch of the Chinese finance sectors. In the world's second largest economy, China, people are suffering. In the past two decades, investment has contributed to around 50% of China's economic growth. Low interest rates, as an effective means of stimulating investment, have led to forced land acquisition, and forced demolition throughout China. Among some twenty million petitioners, over 70% of them are victims of forced land acquisition and forced demolition. Jason Ma: "To stimulate the economy, the CCP injects huge amounts of cash, and creates inflation. The devaluation of the RMB in China is being caused by the printed money. However, the CCP also limits free conversion to foreign currencies. China relies heavily on exports. Its policy has thus created shortages of RMB overseas, and the appreciation of the RMB in foreign countries." Since the 1994 exchange rate reforms, surplus has occurred as a result of Chinese industries and projects with frequent international trades. Abnormal economic growth has attracted global capital inflows, and has created further surplus. Foreign exchange reserves have increased beyond adequate levels. By the end of 1993, China's foreign exchange reserve was $143.2 billion. After the 1994 foreign exchange reforms, foreign exchange reserves rose to $448.2 billion at the end of that year. By the end of 2000, it had reached $1.4291 trillion. Jason Ma: "China's huge foreign exchange reserves are not the pride of China, but are the burden to China. Foreign currencies have become the carriers of wealth. Once foreign currency is devaluated, domestic wealth starts to shrink." An export-led economy has forced the CCP to agree with trading countries demands to appreciate the RMB. This is in order to achieve the trade surplus. Deng Enchong is a lawyer specializing in finance. Deng Enchong indicates that under centralization, the central bank's injection of cash has become even more passive. The CCP's ruling will only become weaker with a prolonged devaluation of the RMB domestically and appreciation internationally. This will also serve as a driving cause 《神韵》2013世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 685 ChinaForbiddenNews
China moves slowly on yuan convertibility - economy
 
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China continues to develop special trade zones to lure foreign investment and as part of the... euronews, the most watched news channel in Europe Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a Euronews is available in 13 other languages: http://eurone.ws/17moBCU http://www.euronews.com/2013/08/19/china-moves-slowly-on-yuan-convertibility China continues to develop special trade zones to lure foreign investment and as part of the process of liberalising and internationalising China's currency - the yuan. Right now the yuan's value is kept in a tightly controlled band against the dollar, but when it becomes fully tradable it has the potential to be one of the most important currencies in the world. One of the free trade zones is centred on Qianhai, just across the border from Hong Kong. Yuan convertibility is being trialled there. The Qianhai zone, administered by the central bank, the People's Bank of China, lets banks from Hong Kong offer cross-border yuan-denominated loans to mainland firms. The Hong Kong banks will be allowed to use the reserves they have built to lend in Chinese currency to businesses that have set up shop in the new city. And for the first time ever they would be allowed to set independent interest rates for the loans made to Chinese companies. But as Professor Chan Yan-Chong from the City University of Hong Kong explained, progress is slow: "Why are they [the central government] taking such a long time? Because they are very cautious. They have to balance the so many different requests from other cities. For example, why Qianhai? Why not Shanghai?" Indeed Qianhai has rivals such as Shanghai, the country's financial centre, and even Hong Kong itself. Beijing has said it wants to speed up the process of making the yuan fully convertible to boost the currency's use in trade and support wider financial reforms, but right now it seems the road to economic liberalisation is going to be a long march. There have recently been some moves with the State Council, China's cabinet, saying it would ask senior members of the National People's Congress, or parliament, for the power to suspend laws and regulations governing both foreign-owned companies and joint ventures between Chinese and foreign companies in free trade zones, including Shanghai. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 1572 euronews (in English)
China agrees to currency, procurement reforms in talks with U.S
 
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China agrees to currency, procurement reforms in talks with U.S The U.S. Treasury Department said China acknowledged U.S. concerns about cyber theft of intellectual property and trade secrets and agreed to steps that would open its financial and government procurement markets. In a statement on outcomes of the annual U.S.-China Strategic & Economic Dialogue, the Treasury Department also said China had committed to move to a market-determined exchange rate for its (YOU-ON) currency. http://news.yahoo.com/china-agrees-currency-procurement-reforms-talks-u-155127109.html http://www.wochit.com
Views: 24 Wochit Business
Paul Krugman: Currency Regimes, Capital Flows, and Crises
 
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Fourteenth Jacques Polak Annual Research Conference, IMF, Washington, November 7, 2013 http://www.imf.org/external/np/res/seminars/2013/arc/index.htm http://www.imf.org/external/mmedia/view.aspx?vid=2820747172001 Paul Krugman: Currency Regimes, Capital Flows, and Crises http://www.imf.org/external/np/res/seminars/2013/arc/pdf/Krugman.pdf http://www.palgrave-journals.com/imfer/journal/vaop/ncurrent/full/imfer20149a.html http://www.palgrave-journals.com/imfer/journal/vaop/ncurrent/pdf/imfer20149a.pdf http://krugman.blogs.nytimes.com/2014/08/30/day-of-imfamy-2/ Frederic Mishkin: Crunch Time: Fiscal Crises and the Role of Monetary Policy (2013) http://www.nber.org/papers/w19297 "I wasn't thinking much about the importance of having your own currency at first. I learned about that a couple of years into this Don Quixote role." - Paul Krugman, April 11, 2013 http://www.businessweek.com/articles/2013-04-11/how-to-beat-a-dead-horse-by-nobel-economist-paul-krugman http://pragcap.com/a-puzzle-solved Q: What have you been wrong about? Krugman: "I was really quite wrong about fiscal crises. If you go back to the early 2000s I thought that the US could have a crisis - something like what eventually happened to Greece..." http://www.businessinsider.com/big-things-paul-krugman-got-wrong-economy-2014-11 Wolf: Why is the eurozone different? The strange case of Spain & UK https://www.youtube.com/watch?v=m7SuQ8MbVEs http://www.imf.org/external/np/seminars/eng/2013/macro2/pdf/mw.pdf "Nobody seems to have laid out exactly how a Greek-style crisis is supposed to happen in a country like Britain, the US, or Japan -- and I don't believe that there is any plausible mechanism for such a crisis. [...] A country that borrows in its own currency can't be forced into default, and we've just seen that it can't even be forced to raise interest rates." - Paul Krugman http://www.imf.org/external/np/res/seminars/2013/arc/pdf/Krugman.pdf "It's very hard to come up with any reason why either the US or the UK might default, since they can simply print money if they need cash." - Paul Krugman http://krugman.blogs.nytimes.com/2012/11/25/incredible-credibility/ "For we have our own currency — and almost all of our debt, both private and public, is denominated in dollars. So our government, unlike the Greek government, literally can't run out of money. After all, it can print the stuff. So there's almost no risk that America will default on its debt. But if the U.S. government prints money to pay its bills, won't that lead to inflation? No, not if the economy is still depressed. Still, haven't crises like the one envisioned by deficit scolds happened in the past? Actually, no. As far as I can tell, every example supposedly illustrating the dangers of debt involves either a country that, like Greece today, lacked its own currency, or a country that, like Asian economies in the 1990s, had large debts in foreign currencies." - Paul Krugman http://www.nytimes.com/2012/11/26/opinion/krugman-fighting-fiscal-phantoms.html
Views: 27728 wonkmonk
2014 September Breaking News United Nations & China Plans New Currency A De Americanized World
 
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2014 September Breaking News United Nations & China Call for A New Reserve Currency A De Americanized World - USA owes communist China 3.5 trillion how many 0's is that? New World Order and One World Currency - Last Days End Times News Prophecy Update July 2014 Final Hour New World order last days end times prophecy update https://www.youtube.com/watch?v=rVKsTPnnaHA The Final Hour 5 of 5 http://www.youtube.com/watch?v=JnDippaU5Dg Well known evangelical prophecy speaker Paul Mcguire states - NEW WORLD ORDER THE GOAL HAS ALWAYS BEEN AND IS A ONE WORLD ECONOMIC SYSTEM, A CASHLESS SOCIETY AND ONE WORLD GOVERNMENT YOU ARE SEEING THE EMERGENCE OF THE "FOURTH BEAST" AND THE REVIVED ROMAN EMPIRE SPOKEN OF BY DANIEL. THE G20 WANTS THE IMF TO BE AN INTERNATIONAL FEDERAL RESERVE THAT IS THE PURPOSE OF THE GLOBAL ECONOMIC CRISIS. AN "AMERO" DOLLAR? A TERRA? THE GOAL IS A GLOBAL CURRENCY? BUT, GOD IS RAISING UP A SPIRITUAL REVOLUTION! GOD IS GOING TO SUPPLY THE NEEDS OF HIS PEOPLE WHO ARE LABORING IN THE FINAL HARVEST AND HE WANTS YOU TO BE PREPARED IN PRACTICAL WAYS! According to Telegraph.co.uk "UN United Nations wants new global currency to replace dollar." "The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War." By Edmund Conway, Economics Editor, 07 Sep 2009, "A number of countries, including China and Russia, have suggested replacing the dollar as the world's reserve currency. In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises. " "Although a number of countries, including China and Russia, have suggested replacing the dollar as the world's reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion. The proposals would also imply that surplus nations such as China and Germany should stimulate their economies further in order to cut their own imbalances, rather than, as in the present system, deficit nations such as the UK and US having to take the main burden of readjustment." "Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability," said Detlef Kotte, one of the report's authors. "But you will also need a system of managed exchange rates. Countries should keep real exchange rates adjusted for inflation stable. Central banks would have to intervene and if not they would have to be told to do so by a multilateral institution such as the International Monetary Fund." Although many economists have pointed out that the economic crisis owed more to the malfunctioning of the post-Bretton Woods system, until now no major institution, including the G20 , has come up with an alternative. The goal is for the G20 to transform the International Monetary Fund (IMF) into a global Federal Reserve System. It is the Federal Reserve System which has controlled the U.S. money supply since 1914. The Federal Reserve System has nothing to do with the "Federal" government. It is a secretive and private corporation owned by international banking interests who control our political system, economy and money. In short, since 1914 the U.S. Government ended being a government run by "we the people" and has been under the control of international bankers. CFR The Council on Foreign Relations is run by the same people who run the Federal Reserve. Here we have two of the most powerful groups in America and the world and there is almost a complete media black-out on them. The average American knows nothing about them except disinformation. Anyone who brings up the "elephants in the living room" is marginalized and demonized. Both political parties are controlled by these groups and their agenda has been a one world economic system and a one world government for a long time. Although, they do not realize it they are a fulfillment of the ancient prophecies of Daniel when he predicted a Revived Roman Empire and the "Fourth Beast." We are moving quickly to Revelation Chapter 13 which talks of a global government and a one world economic system along with a "mark of the beast." The majority of the Church in America and around the world in Western nations is the Laodecian Church which had lost its spiritual vision. The root cause for this is that especially the Church in America has been seduced into substituting the philosophies of men for the Word of God. We are far deeper into the great apostasy that the Apostle Paul warned us about in II Thessalonians than most people realize. False teachers and false prophets abound in our time, except they do not wear signs which say "false teacher" on them.
Views: 5013 U2GO2 Heaven
G7: no currency wars
 
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http://www.euronews.com/ Group of Seven nations have vowed not to engage in currency wars - that is pushing down the value of their currencies to create trade advantages and boost exports. The G7 - that's the United States, Britain, France, Germany, Japan, Canada and Italy - have agreed to consult closely on exchange rates and said government's fiscal and monetary policies must not be directed at devaluing currencies. That follows concerns after Japan's new government pressed for monetary policies that sharply weakened the yen. However, there is little suggestion that Tokyo is going to come under serious pressure when G20 finance ministers and central bankers meet in Moscow at the end of the week, not least because the United States is indulging in similar policies. Japanese Finance Minister Taro Aso welcomed the statement, saying it recognised Tokyo's policy steps were not aimed at affecting foreign exchange markets. "It was meaningful for us as (the G7) properly recognises that steps we are taking to beat deflation are not aimed at influencing currency markets," Aso told reporters. US Treasury official Lael Brainard said on Monday that while competitive devaluations should be avoided, Washington supported Tokyo's efforts to reinvigorate growth and end deflation. Last week, France went as far as calling for a medium-term target to be set for the euro out of concern the exchange rate had become too strong. Berlin rejected that suggestion and said it did not view the currency as being overvalued. French Finance Minister Pierre Moscovici made little headway at a meeting of eurozone finance ministers on Monday. Since late last year, the euro has climbed more than 10 cents before subsiding in recent days after European Central Bank chief Mario Draghi indulged in a bit of gentle verbal intervention, saying he would monitor the impact of a strengthening currency. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
UFXMarkets Weekly Forex Currency Trading News 05-May-2013
 
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In response to better than expected economic data, the Pound climbed against the US Dollar for a second straight week. Reports on manufacturing and business confidence sent the Pound to an 11-week high against the US Dollar. The Pound was last trading at the level of 1.5571, which is an increase of 0.26%. The Canadian Dollar gained versus the US Dollar as investors turned towards higher-yielding currencies in response to widespread speculation that the Federal Reserve will maintain its current stimulus program. US payrolls added 165,000 nonfarm jobs last month, and the unemployment rate fell to a 4-year low of 7.5%. The Canadian Dollar was last trading at the level of 1.0076, which is a decrease of 0.26%. In their longest winning streak in seven months, Asian currencies climbed for a fourth straight week amid speculation that banks will implement more stimulus measures after several reports indicated that April manufacturing growth slowed in the United States, India, and China. The South Korean Won hit a 7-week high on Friday, just one day after India's Rupee posted a two-month high. In commodity news, Crude Oil hit a one-month high amid speculation that demand for Oil will increase in the United States. Better than expected employment numbers and a rally in US stocks contributed to the surge in Crude Oil prices. Crude Oil was last trading at the level of 95.61, which is an increase of 1.72%. Many economists are predicting that Gold will continue the bearish trend. In April, Gold posted its steepest 2-day slump in over three decades. 174 metric tons of Gold were sold that same month. Gold was last trading at the level of 1,470.37, which is an increase of 0.25%. In other market news, US stocks hit record highs last week. The S&P 500 traded above 1,600, and the Dow Jones Industrial Average briefly traded above 15,000. The rally in stocks was triggered by better than expected numbers regarding employment, consumer confidence, and home sales. Stocks received a further boost after the European Central Bank cut its interest rate.
Views: 81 UFXMarkets
Change in China - Development of the Renminbi - Episode 2
 
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In a series of short films, HSBC NOW looks at how the internationalisation of the Renminbi is affecting people in China. In this episode, HSBC's Rongrong Huo explores how the country has changed over the past 40 years and finds out how the currency will fuel China's growth. HSBC NOW brings you stories from our colleagues around the world. For more videos, and to stay up to date with HSBC NOW, subscribe to the channel. Twitter: http://www.twitter.com/HSBC_NOW
Views: 12475 HSBC NOW
Silver Update 7/15/13 Chinese Century
 
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Netdania http://www.netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChart.aspx China's Cooling Economy http://www.forbes.com/sites/afontevecchia/2013/07/15/chinas-second-quarter-gdp-fell-to-7-5-and-will-continue-to-fall-expect-6-9-in-2014/ China Gross National Product http://www.tradingeconomics.com/china/gross-national-product United States Gross National Product http://www.tradingeconomics.com/united-states/gross-national-product Silver Australia (Lunar Series II) http://www.apmex.com/category/213/silver-australia-lunar-series-ii-2013-prior?sortby=priceasc This video is for purposes of criticism, comment, news reporting, teaching, scholarship, and research. All video and audio content is my own creation and is protected by Creative Commons Attribution-NoDerivs 3.0 Unported License. All other images and articles shown in this video are for purposes of "fair use" under Section 107 of the Copyright Act 1976. Netdania screenshots provided per Netdania permission based upon verbal attribution per Izabela Mindak at Netdania.com. Thumbnail images come from free use archive at Wikimedia Commons. The information within this video is for educational purposes only and should not be considered financial advice.
Views: 11777 BrotherJohnF
Combating China's Undervalued Currency: A Subsidy in Fact and Law
 
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This Feb. 17th lecture inaugurating the Columbus School of Law's 2011 Student Scholar Series was delivered by third-year law student Ted Bush. A former Capitol Hill staff member who specialized in international trade policy, Bush argued persuasively for a careful reexamination of Chinese exchange rate policy, which has been blamed for the record bilateral trade deficit between the United States and China and the loss of U.S. manufacturing jobs. Bush said the Commerce Department has existing authority to bring countervailing duties against China, and should do so because that nation's undervaluation of its exchange rate constitutes a continuing illegal export subsidy.
Views: 68 CUA Law School
Kenya @ 50: The Evolution Of The Kenyan Currency
 
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When Kenya gained independence from British colonial masters in 1963, it had no currency of its own. Three years later, the Central Bank of Kenya was established and one of its first duties was to replace the East African shilling, but retained the colonial heritage name of "shilling". 50 years on, the currency has undergone several changes both in terms of physical appearance, and value. Our reporter brings us the story of the good, the bad and the ugly in the evolution of the Kenyan currency.
Views: 12087 K24TV
iCandy Trading - Development of the Renminbi - Episode 1
 
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In a series of short films exploring the story of the Chinese currency, HSBC NOW looks at the development of the Renminbi as an international currency. HSBC's Joana Negrao finds out how the luxury British pushchair manufacturer iCandy is enjoying the benefits of doing business with China in the local currency - a move which puts this small firm at the forefront of a developing global trend. HSBC NOW brings you stories from our colleagues around the world. For more videos, and to stay up to date with HSBC NOW, subscribe to the channel. Facebook: https://www.facebook.com/HSBCNOW/
Views: 4610 HSBC NOW
Brazil currency devaluation a boon for exporters
 
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Paulo Cabral takes an in-depth look into how despite the devaluation of Brazil's currency, the trend in addition to the rising U.S. dollar has resulted in some winners, as profits steadily increase for exporters.
Stiglitz - US, China, Inequality, GDP, Quantitative Easing & Currency War
 
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CCTV China Central Television All Rights Reserved http://english.cntv.cn/01/index.shtml 2 June 2013 "This American dream is now a myth. We are paying a very high price for this inequality. It is undermining our economy, our democracy and our society." "You shouldn't focus just on GDP. What's happening to the environment, health, the distribution of income, wealth, sustainability...you need a dashboard of measures. In China GDP has been going up but you know about the problems of pollution and inequality...the disparities between rich and poor and urban and rural are getting larger not smaller. While GDP has been doing fantastically some of these other measures have not been getting the attention they deserve." "The problem is the credit channel is clogged, it is not working. The liquidity - some of it is going to the United States but much of it is going everywhere else in the world. The lower interest rates have encouraged money to move outside the United States, lowers the exchange rate and has the effect of a competitive devaluation. But it's worse than that. Not only does the value of the dollar go down, it presents an onslaught of capital coming into countries and an appreciation of their currencies. In the case of Japan the problem is more complicated. Its economy has not grown for 20 years, but QE2 in the United States has led to their exchange rate going up. That's been hurting their economy. But Japan naturally says we have to have a strategy that will promote our economic growth, that stimulates demand, we have to respond."
Views: 1702 gmshadowtraders
China's yuan to float freely - Biz Wire - May 14,2013 - BONTV China
 
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China,BONTV,News, Blue Ocean Network, Joseph Nordstrom,RMB internationalizing,capital flight,financial market,foreign equity Go to http://www.bon.tv/Biz-Wire/ to watch the full episode Follow us on Weibo http://weibo.com/u/2419600955 or Twitter.com/ChinaBizWire Go to http://www.bon.tv/Biz-Wire/ to watch the full episode Follow us on Weibo http://weibo.com/u/2419600955 or Twitter.com/ChinaBizWire
Views: 1047 bontvchina
Where NOT to be when the DOLLAR COLLAPSE happens - Are You PREPARED for the Next CRISIS?
 
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SUBSCRIBE for more on USD COLLAPSE / FINANCIAL CRISIS / FUTURE / NEW WORLD ORDER / GOLD & SILVER / BITCOIN / LITECOIN http://www.youtube.com/OfficialUnseenForces Where NOT to be when the DOLLAR COLLAPSE happens - Are You PREPARED for the Next CRISIS? The death of the dollar is coming, and it will probably be China that pulls the trigger. What you are about to read is understood by only a very small fraction of all Americans. Right now, the U.S. dollar is the de facto reserve currency of the planet. Most global trade is conducted in U.S. dollars, and almost all oil is sold for U.S. dollars. More than 60 percent of all global foreign exchange reserves are held in U.S. dollars, and far more U.S. dollars are actually used outside of the United States than inside of it. Image: Wikimedia Commons. As will be described below, this has given the United States some tremendous economic advantages, and most Americans have no idea how much their current standard of living depends on the dollar remaining the reserve currency of the world. Unfortunately, thanks to reckless money printing by the Federal Reserve and the reckless accumulation of debt by the federal government, the status of the dollar as the reserve currency of the world is now in great jeopardy. As I mentioned above, nations all over the globe use U.S. dollars to trade with one another. This has created tremendous demand for U.S. dollars and has kept the value of the dollar up. It also means that Americans can import things that they need much more inexpensively than they otherwise would be able to. The largest exporting nations such as Saudi Arabia (oil) and China (cheap plastic trinkets at Wal-Mart) end up with massive piles of U.S. dollars... Instead of just sitting on all of that cash, these exporting nations often reinvest much of that cash into low risk securities that can be rapidly turned back into dollars if necessary. For a very long time, U.S. Treasury bonds have been considered to be the perfect way to do this. This has created tremendous demand for U.S. government debt and has helped keep interest rates super low. So every year, massive amounts of money that gets sent out of the country ends up being loaned back to the U.S. Treasury at super low interest rates... new $100 bill prediction false flag attack Back in 2002, it emerged that when a $20 dollar bill was folded in a certain way it revealed images that resembled the 9/11 attacks, a story that caused quite a stir at the time since the notes were issued three years beforehand in 1998. Are the hidden images in the new $100 bill a chilling prophecy of future events, or just another example of how people are obsessed with doomsday fantasies that require a huge leap in imagination and logic to believe? On the global financial stage, China is playing chess while the U.S. is playing checkers, and the Chinese are now accelerating their long-term plan to dethrone the U.S. dollar. You see, the truth is that China does not plan to allow the U.S. financial system to dominate the world indefinitely. Right now, China is the number one exporter on the globe and China will have the largest economy on the planet at some point in the coming years. news 2012 2013 dollar collapse event world human wealth work food government fiat money usd currency global forex worldwide goldman sachs economy city of london wall street corporate natural resorces jobs homeless jobless debt interest deflation destroyed defat on united states us hyper inflation federal reserve end the fed ron paul depression printing press coming soon money emergency fema 2008 greece aig world government uk great britain big brother keep calm and carry on enemy british elite false flag population 1984 nwo new world order illuminati shut off nyc ny new work city investment capital poverty city urban shtf prep prepare prepper reality poor food stamp doom and gloom wake up techbytigz the unseen forces 829speedy gold silver bullion stack bullion coins bars pamp eagle maple leaf kugerand perth mint us mint 2013 dollar usd collapse forex investment money wealth food relationship love currency economy "united states" u.s. global usa asset global world "foreign trade" london "city of london" "wall street" profit bank banking "savings account" "bank account" control military system debt loan interest "interest rate" default cycle system inflation actor "federal reserve" government crisis europe society agenda war 2014 food "united kingdom" england british luxetti officialunseenforces Today, the U.S. financial system is the core of the global financial system. Because nearly everybody uses the U.S. dollar to buy oil and to trade with one another, this creates a tremendous demand for U.S. dollars around the planet. So other nations are generally very happy to take our dollars in exchange for oil, cheap plastic gadgets and other things that U.S. consumers "need"
Views: 11235 Official Unseen Forces
Japanese currency (Yen)
 
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http://preparetoserve.com/JAPAN Japanese currency (Yen).
Views: 456 Lifey
The USD/JPY Currency Chart Tells You More Than You Think
 
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This morning, the S&P 500 Index e-mini futures (ES-U3) are trading lower by 6.25 points to 1687.50 per contract. Traders and investors should now start to focus on the USD/JPY chart as it seems to dictate where the major stock indexes in the U.S. are going to trade. A strong USD/JPY chart will usually indicates upside for stocks. A declining USD/JPY chart will generally indicate weakness in stocks. It's all about a very leveraged carry trade that moves markets. Basically, the institutional money (big money) bets on a weaker Japanese Yen and buys U.S. and European stocks with the proceeds from that leveraged trade. When the short yen trade stops working the money comes out of the stock markets around the world. In essence, it's all just one big currency trade at this time. If you do not have a chart of the USD/JPY chart you can follow a chart of the ProShares UltraShort Yen (NYSEARCA:YCS) which mimics the action in the currency pair.
Views: 1441 InTheMoneyStocks
When is $100 worth $15,000- and the new $100 bills- EpicReviewsHome CC
 
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Finally got to see the new hundreds up-close. They are actually kind of ugly- with the mottled blue stripe running the front of the bill. But with new bills comes a new chance to get one that has a unique serial number- a feature that might have a collector pay up to $15,000. Here is a website that tells you how to see if the serial numbers on your paper money (not just the new $100s) might it worth many times face value- http://coolserialnumbers.com/Wanted.aspx CC Closed Captioned
Views: 1148500 EpicReviewsHome