Chinese yuan devaluation continues

Economic Department
Author

12, August 2015 / 06:39

Baku. 12 August. REPORT.AZ/ Central bank of China devalued the national currency yuan at 1.62 % today.

Report informs, even after yesterday's devaluation of the yuan at 1.86% Central bank of China announced a one-time devaluation, today the bank has changed its decision.

Thus, over the past two days the yuan fell nearly 4%.

Other News

Azerbaijan prioritizes expanding local production of medicines and medical supplies 23 September, 2025 / 15:36

SOFAZ discloses total transfers to Azerbaijan's state budget to date 23 September, 2025 / 12:33

ADB ready to support Azerbaijan in addressing complex infrastructure challenges 23 September, 2025 / 11:38

AAOIFI ready to support Azerbaijan in developing Islamic banking 23 September, 2025 / 11:37

UK Export Finance ready to invest up to £5B in PPP projects in Azerbaijan 23 September, 2025 / 11:16

ADB names success factors for public-private partnerships 23 September, 2025 / 11:00

CBA currency exchange rates (23.09.2025) 23 September, 2025 / 09:40

Key indicators of world commodity, stock, and currency markets (23.09.2025) 23 September, 2025 / 09:38

EBRD determined to act as catalyst for reforms in Azerbaijan 22 September, 2025 / 15:27

Rolande Pryce: Middle Corridor investment needs will reach $28 billion over 15 years 22 September, 2025 / 13:24

CBA currency exchange rates (22.09.2025) 22 September, 2025 / 09:18

Azerbaijan increases direct investment in Turkish economy by almost 64% 20 September, 2025 / 14:16

Key indicators of world commodity, stock, and currency markets (20.09.2025) 20 September, 2025 / 09:58

WB awards grant for solid waste management project in Absheron 19 September, 2025 / 12:57

Fitch affirms Expressbank's long-term issuer default and viability ratings 19 September, 2025 / 12:00

Gold prices rise slightly amid expectations for US Fed 19 September, 2025 / 10:50

CBA currency exchange rates (19.09.2025) 19 September, 2025 / 09:52

Key indicators of world commodity, stock, and currency markets (19.09.2025) 19 September, 2025 / 09:32

EDB: Over $600M invested in Azerbaijan's renewable energy sector in 2022-2024 18 September, 2025 / 16:40

Central banks of Azerbaijan and Türkiye discuss international practices 18 September, 2025 / 15:45