The Yuan is the unit of exchange for the renminbi.

Revaluation of the Chinese yuan would also help.

(The yuan should be included as soon as China makes its currency convertible.)

Likewise, while the Chinese Yuan might be king in 50 years, China s moribund financial system will prevent it from being crowned anytime soon.

The explanation, I believe, lies largely in the August 11 devaluation of the renminbi, after a decade of appreciation. By moving away from the renminbi peg to the US dollar an undoubtedly risky move China demonstrated its willingness to allow market forces to establish the exchange rate in the long term.

The price of yuan will go up

So, as this happens, the price of the Yuan will go up.

Notice the price of Yuan went up here.

The price of dollars, in terms of Yuan, will go down.

Because sometimes they use the word renminbi sometimes they use the word Yuan.

Or this guy is putting Yuan up for bid.

As of 29 January 2014 the South African rand, United States dollar, Australian dollar, Indian rupee, Chinese yuan and Japanese yen are all legal tender in Zimbabwe.

The government is now seeking to decontrol domestic interest rates, create a more robust domestic bond market, and finally remove capital controls. However, with China s economy currently threatened by ongoing yuan appreciation, liberalizing the financial system could have perverse short run consequences.

Chinese policymakers should bear in mind that the value of the yuan is only one among many factors that affects the competitiveness of China s economy.

And that's this guy over here, this guy actually converting yuan into dollars.

And this guy is bidding on that dollar in terms of Yuan.

Notice. The price of the Yuan has now gone up or the price of the dollar has now gone down.

Over here, the demand for Yuan is exceeding its supply so price will go up, and

What's the total demand to convert Yuan into dollars, and dollars into Yuan?

Although occasional bouts of nervousness in global financial markets cause the dollar to rise, I expect that the dollar will continue to fall relative to the euro, the Japanese yen, and even the Chinese yuan.

Chinese

The Yuan may well supplant the dollar in the second half of this century.

This is because official capital controls oblige exporters to deposit hard currencies with the People s Bank of China in exchange for freshly printed yuan (usually as bank deposits) or government debt.

Le Défi Chinois

Mandarin System.

The Next Chinese Economy

Chinese Coal Cuts

The Sino Russian Marriage

A Chinese Monroe Doctrine?

Obama s Chinese Balance Sheet

The Sino American Decade

The End of China s Surplus

The Sources of Chinese Conduct

The Year of the China Model

To the Chinese restaurant?

Even the Chinese Federation...?

You like Chinese food?

But there is this imbalance here more dollars into Yuan than Yuan into dollars.

China s Visionary Stimulus

Great Expectations for the Renminbi

The Sino American Trust Deficit

Curbing Chinese Corruption

The New Shape of China s Economy

The China Threat, Part Two?

The Chinese Economy s Secret Recipe