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China only has one currency, the renminbi or yuan. There are capital controls so it isn't fully traded on international markets. It has only been internationall
by ianburrell 2y ago
China only has one currency, the renminbi or yuan. There are capital controls so it isn't fully traded on international markets. It has only been internationally traded since 2015, and I think there were various schemes before that.
- deleted 2y ago[deleted]
- kube-system 2y agoAren't CNY and CNH effectively two different currencies, despite having the same name and being somewhat linked?
- ianburrell 2y agoI hadn't noticed that. I guess that is how they manage the capital controls. It sounds like they are supposed to be the same internally but that there is a spread. That seems like it could be a weakness.