The central parity rate of the Chinese currency renminbi, or the yuan, weakened 86 pips to 7.1104 against the dollar on Friday, 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 per cent from the central parity rate each trading day.
The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
THE Nigerian gospel music scene has been plunged into grief following the death of Taiwo…
News Update A female operative of the Nigeria Security and Civil Defence Corps, NSCDC, has…
News Update Explosions were heard in the Haifa area in northern Israel on Saturday following…
Osun Online Publishers Association Celebrates Comrade Sodiq Lawal of Dailyimpact on His Birthday The leadership…
Edo State Governor, Monday Okpebholo, has said he will relinquish his seat if President Bola…
THE Federal Government has unveiled a partnership initiative aimed at equipping over six million Nigerian…