CNH: Difference between revisions
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The currency of the People's Republic of China (PROC), when it is traded offshore. | The currency of the People's Republic of China (PROC), when it is traded offshore. | ||
The yuan is a heavily regulated currency but as part of the process of internationalising the currency the Chinese authorities have allowed a market in offshore deposits to develop. | The yuan is a heavily regulated currency but as part of the process of internationalising the currency the Chinese authorities have allowed a market in offshore deposits to develop. | ||
Revision as of 12:54, 20 July 2016
The currency of the People's Republic of China (PROC), when it is traded offshore.
The yuan is a heavily regulated currency but as part of the process of internationalising the currency the Chinese authorities have allowed a market in offshore deposits to develop.
The currency traded offshore is known as the renminbi CNH whereas the onshore currency is known as the renminbi CNY.
