The ISO code for renminbi (which may also be used for the yuan) is CNY (an abbreviation for "Chinese yuan"), or also CNH when traded in off-shore markets such as Hong Kong. The currency is often abbreviated RMB, or indicated by the yuan sign ¥.The latter may be written CN¥ to distinguish it from other currencies with the same symbol (such as the Japanese yen).
In economics, hyperinflation is very high and typically accelerating inflation.It quickly erodes the real value of the currency, as the prices of most or all goods increase.This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. Prices typically remain stable in terms of other currencies.
The cryptocurrency craze has been in full flow during 2017. Bitcoin seems to be setting record highs with every passing week. Initial coin offerings (ICOs) are turning traditional capital-raising on its head. And perhaps most significantly of all, blockchain technology is beginning to have a ...
Digitalization has become second nature to many banks around the world, but not all. In the Central European country of Hungary, many banks—and their customers, who are relatively uninformed of the ways going digital can enhance their personal financial management—are in the early stages of the digital banking voyage.
Certain precious metals analysts are once again claiming that, soon, the Banks will be "on your side". This isn't true, it hasn't been true and it won't ever be true so long as the fractional reserve and digital derivative pricing scheme continues.
Turkey frees the American pastor Andrew Brunson who has been imprisoned for two years because of the time he served, was convicted of terror-related charges, thanks President Trump, is being flown to the United States in military plane
Andy Kessler: Wall Street Meat : My Narrow Escape from the Stock Market Grinder My first book. Stories of working as a Wall Street analyst with Jack Grubman, Frank Quattrone, Mary Meeker, and Henry Blodget
Jan Davel October 22, 2015 at 19:41. hi Jayson, thank you for this good break down of taxpayers contribution to taxes. I believe that every productive citizen are paying tax, and that by “empowering” his boss to pay the tax plus VAT and excise tax for the purchases that make.
In mid-August, Nicolás Maduro, president of the Socialist government of Venezuela, announced a new package of economic reforms that were supposed to stop the country's slide into economic disaster."19-Aug-18 World View -- Socialist Venezuela introduces new fantasy currency and new Socialist changes"