Guest Posted November 23, 2015 Share Posted November 23, 2015 http://www.bbc.co.uk/news/business-34897497 Anything to do with china clamping down on illegal currency movements? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 23, 2015 Share Posted November 23, 2015 if the money moved to, say, London, illegally, will the Chinese government ask for it back? this mega bubble could turn into a nominate for many. Quote Link to comment Share on other sites More sharing options...
Guest_northshore_* Posted November 23, 2015 Share Posted November 23, 2015 When the Yuan joins the basket of currencies in the SDR's, does it have to be fully convertible and remove all capital controls? No. "...IMF staff assesses that the RMB meets the requirements to be a "freely usable" currency ... The concept of a freely usable currency concerns the actual international use and trading of currencies, and is different from whether a currency is either freely floating or fully convertible. A currency can be widely used and widely traded even if it is subject to some capital account restrictions. On the other hand, a currency that is fully convertible may not necessarily be widely used and widely traded." https://www.imf.org/external/np/exr/faq/sdrfaq.htm#six A CSFB doc on 'CNY: Assesing capital inflows from SDR inclusion' Quote Link to comment Share on other sites More sharing options...
Byron Posted November 23, 2015 Share Posted November 23, 2015 CoN What is a nominate, the dictionary definition does not fit your use of the word. Quote Link to comment Share on other sites More sharing options...
Byron Posted November 23, 2015 Share Posted November 23, 2015 USDCNY? IJW I knew what all these initials meant Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted November 26, 2015 Share Posted November 26, 2015 (edited) USDCNY? IJW I knew what all these initials meant "USDCNY = x" means that you get x Chinese Yuan (x CNY) for 1 U.S.-Dollar (1.00 USD). EDIT: At the time of writing, USDCNY = 6.3875, so you get 6.3875 Yuan for $1.00. Edited November 26, 2015 by Silverfinger Quote Link to comment Share on other sites More sharing options...
Byron Posted November 26, 2015 Share Posted November 26, 2015 So, why not say so instead of baffling us all with stupid initials? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted November 26, 2015 Share Posted November 26, 2015 This the guy? Quote Link to comment Share on other sites More sharing options...
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