Chinese yuan weakens to 7.1196 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 121 pips to 7.1196 against the dollar on Wednesday, according to the China Foreign Exchange Trade System.
In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day.
The central parity rate of the yuan against the dollar is based on weighted average prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Scores killed in early morning terrorist attack on Benue communities
The terrorists invaded the two villages between 3:00 a.m. and 4:00 a.m. while residents were asleep.
Opinion
Is Bola Tinubu among those afraid of Femi Gbajabiamila?
The larger question is what it says about our democracy when so many people feel unable to discuss openly those who wield enormous influence behind the scenes.
NationWide
2027: Oyedepo urges Christians to secure PVCs, says leadership shapes destiny
He said Christians should see their PVCs as instruments of change and national transformation.
Anti-Corruption
Gbajabiamila Bribery Scandal: Tinubu knows his staff sell appointments, says SDP presidential candidate
The presidential candidate described Mr Tinubu’s government as a clearing and forwarding government.
Economy
Restoration of Gbarain power plant begins
The project targets improved electricity supply nationwide.
NationWide
Lawyers seek non-custodial sentencing, speedy trials to decongest prisons
Lawyers called for comprehensive criminal justice reform to decongest correctional centres nationwide.
