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Exchange Rate: Chinese yuan now ¥7.1086 to $1

in Economy
Reading Time: 2 mins read
0
Damilare Aanuby Damilare Aanu
October 18, 2022

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened nine pips to 7.1086 against the dollar on Tuesday, 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.

In other news, a group of Afghan women rallied in Kabul on Tuesday to demand the right to education following the expulsion of female students from the Kabul University dormitory.
Local media reported that the few dozens of women were carrying signs reading “Education is our red line” and chanting that the world has forgotten them under the Taliban.
The peaceful protest was dispersed, and the women were removed from the area by the Taliban, who warned them about the risk of attack.
“Once again, the Taliban prevented us from demonstrating by insulting and threatening us,” a protestor said.
“Unfortunately, the Taliban threatened us with explosion and suicide bombing,” she added.
In September, more than 50 students, mainly young women, were killed in an attack in Kabul that sparked demonstrations by Afghans around the world.
The Taliban broke up or suppressed protests in several provinces by force.
In Kabul dozens of female Hazara students who were planning to join a protest claimed to be poisoned in the Kabul University dormitory.
A few days later, the dormitory authorities expelled a number of these students for protesting their alleged poisoning, the report said.
However, the Taliban’s higher education ministry claimed that the poisoning was due to overeating and that the expulsion of the girls was based on the university’s rules to maintain order and discipline.

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LATEST UPDATES

Japan’s justice minister resigns after death penalty quip

November 11, 2022

Quinquagenarian docked for alleged wilful damage, land grabbing

November 11, 2022

Mitigating impact of emerging biosecurity threats

November 11, 2022

2 public servants docked over alleged failure to produce suspect

November 11, 2022

Company donates 40 WPS licenses for ABU’s smart classrooms

November 11, 2022

Security men docked for alleged theft of generator in Lagos

November 11, 2022

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November 11, 2022

Blatter says Iran should be barred from Qatar World Cup

November 11, 2022

FG, LASG promise joint action on Eko Bridge, others

November 11, 2022

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Japan’s justice minister resigns after death penalty quip

3 years ago

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3 years ago

Mitigating impact of emerging biosecurity threats

3 years ago

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