Preparing d. Khaled Saad
The currency of China (Yuan) is the official currency of the People’s Republic of China, popularly known as the Renminbi; It is the monetary unit of the Chinese currency.
The yuan has contributed to maintaining the balance of the Chinese economy. In order to be able to compete in international markets with strong international economies in the various investment and industrial sectors
As for historically, the yuan has been pegged to the US dollar, which contributed to maintaining the value of the currency, especially in the currency trading market. As the yuan equals 6,25 dollars per dollar in 2015, the Chinese government adjusted its fiscal policy, which contributed to allowing the yuan to confront economic fluctuations, especially in the foreign exchange market.
It is worth noting that the Central Bank of China, or as it is known as (the People’s Bank of China), is the bank responsible for issuing the yuan currency, monitoring its exchange rate compared to other foreign currencies, and covering financial needs through the use of bonds that depend on the foreign currency reserve; To cover any deficit, the yuan may face exchange later.
Currency interest rates have also been raised in order to counter the decline in the grشowth of the Chinese economy directly linked to the
