is renminbi a convertible currency?
238004
As of 2013, the renminbi is convertible on current accounts but not capital accounts. ... The RMB became the first emerging market currency to be included in the IMF's SDR basket on 1 October 2016. The other main world currencies are the United States dollar, euro, British pound, and Japanese yen.
1267002
FACILITIES EXTENDED TO NRNS BY THE GOVERNMENT OF NEPAL: Right to open an account in convertible foreign currency. Investment can be made in convertible foreign currency. Repatriation of investment and profit earned out of investment. Right to run an industry or business.
404405
There have been reports of people withdrawing fake Renminbi notes from banks or ATMs, but it is still much safer than many other sources. (Exchange rates in China are highly regulated, so you will get a similar rate at all banks in China.)
727137
Although Hong Kong is officially part of China, its currency is not the same. There's no need to change your home currency to Chinese yuan or renminbi, the Chinese currency in the mainland. Just convert to Hong Kong dollars instead. You will get more value for it and the entire county can accept the currency.
949992
You can buy and sell USD, NZD, EUR, GBP, JPY, SGD, HKD, CAD or CNY at selected Commonwealth Bank branches. Our online order system is currently unavailable. We are working on restoring services as soon as possible. Fees and charges apply.
370476
Although Hong Kong is officially part of China, its currency is not the same. There's no need to change your home currency to Chinese yuan or renminbi, the Chinese currency in the mainland. ... A majority of the shops, restaurants, and other businesses in Hong Kong will only accept the Hong Kong dollar as payment.
1437510
Currency exchange service in Taiwan is strictly regulated by the government. You can only exchange money at banks or authorised businesses. There is no independent money changers on the streets like in other Asian cities.
1231858
ECB can be raised in any freely convertible currency as well as in INR. For INR-denominated ECB, lenders (other than foreign equity holders) are required to mobilise INR through swaps/outright sale undertaken through an AD Cat I bank in India. ... However, change of currency from INR to foreign currency is not permitted.
380056
In essence; transactions in CNY are restricted while there are none on CNH. Lastly, and most distinctly, while the local value of CNY is still dictated by the People's Bank of China, the CNH is freely tradeable like most other currencies.
1188856
The convertible peso (sometimes given as CUC$ and informally called a cuc or a chavito) is one of two official currencies in Cuba, the other being the Cuban peso. It has been in limited use since 1994, when its value was pegged 1:1 to the United States dollar.
499005
CNY and CNH are both types of RMB (1 CNY = 1 RMB = 1 yuan and 1 CNH = 1 RMB = 1 yuan). They however don't necessarily trade at the same price against other foreign currencies.
514491
Both names are perfectly good, but in slightly different ways. "Renminbi" is the official name of the currency introduced by the Communist People's Republic of China at the time of its foundation in 1949. It means "the people's currency". "Yuan" is the name of a unit of the renminbi currency.
669890
Dual Currency Investments are short-term investment products for investors with exposure to two currencies. It is a non-principal protected investment product.
385654
As far as I know, only Ringgit are accepted here. Singaporean Dollars are not legal tender in Malaysia. Shops have a right to refuse payment in any currency other than Ringgit. In any case, its pretty easy to find money changers to change your money to local currency.
1049843
Making the rupee a fully convertible currency would mean increased liquidity in financial markets, improved employment and business opportunities, and easy access to capital. Some of the disadvantages include higher volatility, an increased burden of foreign debt, and an effect on the balance of trade and exports.
130238
Size. The nation's foreign exchange reserves are held by China's central bank. The total sum of the reserves is regularly announced by the central bank. At the end of September 2015, the foreign-exchange reserves of China were US$3.51 trillion, while, at the end of January 2016, they stood at US$3.23 trillion.
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30 (Xinhua) -- Under a new circular issued by Vietnam's central bank, the Chinese currency renminbi, or yuan, will be formally allowed for payment in Vietnamese border areas with China, helping foster border trade between the two countries. ... "Payment in yuan through banks and in cash in border areas is convenient.