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Coin sculpture shows rich Sino-Mexican legacy from revolutionary times


Coin sculpture shows rich Sino-Mexican legacy from revolutionary times
China Daily |
Updated: 2021-07-12 07:45
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At the first sight of the huge sculpture of a coin set in Jinggangshan in East China s Jiangxi province, Diego Barroso, a Mexican language teacher based in Shanghai, wonders how the pattern of Latin America occurs on the China-made coins.
The coin, made by the Red Army Mint during the Chinese revolution, was engraved with an eagle carrying a snake in its mouth, standing on a cactus growing between rocks in a lake. On the wings of the eagle is engraved the Chinese character gong, which means workers. The picture is quite similar to the national emblem of Mexico. ....

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The Dollar's Declining Status as Dominant "Global Reserve Currency" v. the Dollar's Exchange Rate – HoweStreet


ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 5, 2021 | The Dollar’s Declining Status as Dominant “Global Reserve Currency” v. the Dollar’s Exchange Rate
Wolf Richter
On his site WOLFSTREET.com, Wolf Richter slices into economic, business, and financial issues, Wall Street shenanigans, complex entanglements, debacles, and opportunities that catch his eye in the US, Canada, Europe, Japan, and China. He lives in San Francisco.
Yes, the Fed is a drunken reckless money-printer, and the US government has been high for years on deficit spending, but other major central banks and governments do the same or worse. The long-term trends are clear, however. ....

United Kingdom , Composition Of Official Foreign Exchange Reserves , Official Foreign Exchange Reserves , Mortgage Backed Securities , Dollar Index , ஒன்றுபட்டது கிஂக்டம் , கலவை ஆஃப் அதிகாரி வெளிநாட்டு பரிமாற்றம் இருப்புக்கள் , அதிகாரி வெளிநாட்டு பரிமாற்றம் இருப்புக்கள் , டாலர் குறியீட்டு ,

Central banks up reserves of RMB to a high


Central banks up reserves of RMB to a high
By CHEN JIA |
China Daily |
Updated: 2021-07-02 08:12
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5-year record shows Chinese yuan s internationalization progressing well
Central banks around the world are holding record levels of reserves in Chinese yuan, according to IMF data.
Analysts said the current five-year high marks another step forward for the Chinese currency s internationalization, a process that began a few years back.
In the first quarter this year, various central banks held $287.46 billion worth of Chinese RMB in official foreign exchange reserves, the highest level since the fourth quarter of 2016 and representing 2.45 percent of the total, the International Monetary Fund reported on Wednesday. ....

Lu Ting , United Kingdom , Zhang Ming , Serkan Arslanalp , Balance Of Payments Division , International Monetary Fund , Fitch Ratings , Statistics Department , Chinese Academy Of Social Sciences , Currency Composition Of Official Foreign Exchange , Special Drawing Rights , Official Foreign Exchange Reserves , Chinese Academy , Social Sciences , Payments Division , லு டிங் , ஒன்றுபட்டது கிஂக்டம் , ஜாங் மிங் , சமநிலை ஆஃப் கொடுப்பனவுகள் பிரிவு , சர்வதேச பண நிதி , ஃபிட்ச் ரேடிஂக்ஸ் , புள்ளிவிவரங்கள் துறை , சீன கலைக்கழகம் ஆஃப் சமூக அறிவியல் , நாணய கலவை ஆஃப் அதிகாரி வெளிநாட்டு பரிமாற்றம் , சிறப்பு வரைதல் உரிமைகள் , அதிகாரி வெளிநாட்டு பரிமாற்றம் இருப்புக்கள் ,