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While almost everyone in China who can get out of the country is essentially "laundering" money by attempting to evade the ridiculous currency controls? The Rus
by jimz 5y ago
While almost everyone in China who can get out of the country is essentially "laundering" money by attempting to evade the ridiculous currency controls? The Russians arguably have more faith in the Yuan than the wealthy Chinese at this point, which is, well, I don't know what the adjective to use here but a mixture of funny and sad and wtf and irony and inevitable all rolled into one.
- MacsHeadroom 5y agoThere are actually two Chinese Yuan, both (confusingly) called Yuan. One is for residents of China (CNH/RMB) and one is for everyone else (CNY). The controls on each, and even their values, are different. https://www.investopedia.com/articles/forex/061115/yuan-vs-rmb-understanding-difference.asp https://www.investopedia.com/articles/forex/061115/yuan-vs-r...