Current Scenario of the Chinese Yuan

Summary

The Yuan has become one of the most powerful currencies of the business world today. It is currency of the Republic of China. It was introduced in 1889 as a silver coin and later during the 1890, banks starting issuing it as a note (Ronald, 2012); (Pick, 1990).

. The importance of the currency became much more significant over the last decade as China has taken over the world as the leader in manufacturing almost everything. The Chinese have taken over today's manufacturing world and are known as the 'World's Toy Shop' because almost everything and anything ...