He said the Chinese Yuan
was made available only to customers with Renminbi-denominated Letters of Credit for agriculture as well as raw materials and machinery.
The amount of P4.78 billion or 583.6 million Chinese yuan
, on the other hand, has been allocated for civil works of the bridges to be implemented by contractor China Road and Bridge.
(CNY) is an approved foreign currency for denominating foreign currency transactions in Pakistan.
In October 2005, Holography News[R] reported that the People's Bank of China (China's central bank) had issued an updated version of the fifth series of the Chinese Yuan
(Renminbi) on 31 August.
The proceeds of 380 billion Chinese Yuan
($3.2 billion) are less than the 487 billion Chinese Yuan
it had paid to Ranbaxy's promoters in 2008 ($4.6 billion multiplied by 106.81).Daiichi said on April 28 that it would book extraordinary losses of 46.2 billion Chinese Yuan
(Rs2,463 crore) in its non-consolidated financial results for 2014/15 on sale of investment securities of Sun Pharma.
To further facilitate cross-border synergies, the adoption of the Chinese Yuan
by local businesses would further boost trade and investments between China and the GCC countries", said Davis Hall, Global Head of Foreign Exchange & Precious Metals Advisory, Credit Agricole Private Banking.
He said the adoption of the Chinese yuan
by local businesses would further boost trade and investments between China and the GCC countries.
So far, KASE carries out trading in US dollar, Euro, Russian rouble and Chinese yuan
It announced that its joint venture company, Nanjing SR Puzhen Rail Transport (NPRT) has secured three metro train contracts worth a combined 3.5 billion Chinese yuan
. The latest orders bring the total value of contracts announced by NPRT so far this year to over 4.5 billion Chinese yuan
BANKING AND CREDIT NEWS-March 19, 2014-Bank of Ireland business customers now able to make payments in Chinese Yuan
M2 EQUITYBITES-March 19, 2014-Bank of Ireland business customers now able to make payments in Chinese Yuan