Finally, the renminbi s recent decline against the dollar was only 2.5 , from CN 6.2 to CN 6.35 far below the double digit declines of the Japanese yen, the euro, and the British pound. So, on an overall trade weighted basis, the renminbi is substantially higher relative to the currencies with which it competes.

On January 5, the central parity rate of the RMB was 6.4915 to the USD, breaking through the 6.5 threshold again.

The regular resources cash balance at the end of 2004 was 329 million, consisting of 318 million in convertible currencies and 11 million in non convertible currencies.

The equivalent of 1,491,424 ( 1,099,180) is held in currencies classified as non convertible, as follows

For claims stated in currencies other than Kuwaiti dinars or United States dollars, the currency exchange rate to be applied is the average rate in effect for the month of August 1990 for converting those currencies into United States dollars as indicated in the United Nations Monthly Bulletin of Statistics.

It is also a means to obtain United States dollars through the foreign exchange process.

(d) Includes NCC equivalent of 93,000 and unpaid pledges of 142,000.

depreciation of nonconvertible currencies.

Excuse me, I'd like to exchange US dollars for RMB can I get RMB here?

In China, changes in the export sector s structure similar to those observed in Japan are now taking place. These changes are likely to make today s attempts to find an equilibrium yuan dollar exchange rate seem just as chimerical in hindsight as previous calculations of the yen dollar equilibrium rate.

(b) The 92.6 million in cash and term deposits includes the following United States dollar equivalent amounts of non convertible currencies

The surplus includes unpaid pledges of 142,000 and a NCC component equivalent to 93,000.

The provisional available balance that remained in the Voluntary Trust Fund as of 30 June 1998 amounted to 364,608 in convertible and 14,132 in non convertible currencies (at official rates as at 30 June 1998).

(v) Gain loss on exchange arises from transactions conducted in currencies other than dollars (i.e. for the dollar based extrabudgetary technical cooperation activities in annex I, dollar statements) and the revaluation of assets and liabilities held in non dollar currencies.

Note 7. Non convertible currencies pending United States dollar credit from UNDP

Convertible US

Since the budget of UNDCP is expressed in United States dollars, the movement of currencies in relation to the dollar can have a sizeable impact on expenditure in other currencies.

Exchange rate euro to United States dollar

a. Comprising reserve fund of 600,000 carried over from the 1996 1997 biennium, NCC equivalent of 93,000 and unpaid pledges of 142,000.

Table 5 shows details of the United States dollar equivalent of non convertible currencies held at 31 December 2004.

The following table shows details of the United States dollar equivalent of non convertible currencies held at 31 December 2004.

The value of loans denominated in renminbi CN 188 billion ( 29.2 billion) is tiny, especially when one considers that almost 50 of total international banking liabilities are denominated in dollars, approximately 30 in euros, 5 in pounds, and about 3 in yen. And the renminbi accounts for 0.6 1 of global foreign exchange reserves held by central banks, whereas the dollar and the euro account for 62 and 23 , respectively.

Convertible non US

While China has taken minor measures to slow the increase in its dollar denominated holdings, it has been unwilling to risk a fully convertible currency for domestic political reasons. Thus, the renminbi is unlikely to challenge the dollar s role as the largest component of world reserves (more than 60 ) in the next decade.

The following figures show the United States dollar equivalent of the non convertible currencies held as at 30 June 1997

Refer to Schedule 10 for details of the dollar equivalent of non convertible currencies held at 31 December 1997.

The dollar has been knocked off its pedestal by the crisis, but any conceivable substitute is obviously even more flawed and more problematical. The euro is the composite currency of an area with a poor growth record and an inadequate response to the economic crisis.

Tencent Financial News on January 18, the USD to RMB middle prices is registered at 6.4401, a depreciation of 66 basis points compared with the last trading day, ending the rise spanning five consecutive days.

The amount of export transactions was 206.494 billion yuan ( 29.86 billion), with a decrease of 1 on year on year basis.

This fund balance includes unpaid pledges equivalent to 142,000 and a non convertible currency component equivalent to 93,000.

It takes so many francs to make one american dollar.

First, the facts Since hitting its high watermark on January 14, 2014, the renminbi has depreciated by 3.4 relative to the US dollar through April 25. This follows a cumulative appreciation of 37 since July 21, 2005, when China dropped its dollar peg and shifted its currency regime to a so called managed float.

The total level of income of the Foundation in the current biennium (1996 1997) is projected at 28,203,125, which includes a non convertible currency (NCC) component equivalent to 335,400.

The US Treasury was complaining yet again about the Chinese currency, which had depreciated by 2.4 against the dollar in the first half of 2014, after having appreciated by 37 over the previous eight and a half years. The US State Department and China s Ministry of Foreign Affairs were engaged in a war of words over mounting territorial and sea lane disputes in the East and South China Seas.

But there is a more fundamental point From an economic viewpoint, currency manipulation or unfair undervaluation are exceedingly hard to pin down conceptually. The renminbi's slight depreciation against the dollar in 2014 is not evidence of it many other currencies, most notably the yen and the euro, depreciated by far more last year.

Transactions in other currencies are converted for recording into United States dollars, in principle, at the United Nations operational rates of exchange.

(ii) The following figures show the United States dollar equivalent of the non convertible currencies held as at 31 December 1997

While I share these concerns, others frequently rely on two key arguments to dismiss the fear of a run on the dollar the dollar is a reserve currency, and it carries fewer risks than other currencies. Neither argument is persuasive.

But London and Frankfurt would be reckless to bank on rapid growth in their renminbi transactions. In its most recent survey of foreign exchange markets, in April 2013, the Bank for International Settlements found that renminbi dollar trades averaged 113 billion a day, whereas direct renminbi euro trades totaled a mere 1 billion, while direct renminbi sterling trades amounted to even less.

Even if one accepts that it is possible to identify currency manipulation, China no longer qualifies. Under recent conditions, if China allowed the renminbi to float freely, without intervention, it would be more likely to depreciate than rise against the dollar, making it harder for US producers to compete in international markets.

8 One Bermuda dollar (B 1.00) is equivalent to one United States dollar (US 1.00).

In late February, the gradual appreciation of the renminbi was interrupted by a 1 depreciation (to 1 6.12). Though insignificant in overall trade terms, especially when compared with the volatility of floating exchange rate regimes, the renminbi s unexpected weakening sparked a global furor.

BEIJING In June, the Peoples Bank of China (PBC), China s central bank, announced an end to the renminbi s 23 month old peg to the dollar and a return to the pre crisis exchange rate regime adopted in July 2005. So far, however, the RMB s appreciation against the dollar has been slow.

It is said that the superior Kobe beef can sell for more than US 150 (about 962 yuan) per pound.

Accordingly, the floor ceiling rates used for the years 1996 and 1997 were 1.75 and 1.89 guilders per dollar, based on the average exchange rate of 1.68 guilders for 1995 and 1.68 guilders for 1996.