News for hackers. Stuff that matters.
Re:Canada considering charging for road access from USA to A... by ianburrell on Thursday March 20, 2025 @03:05PM (#43427561)
China only has one currency, the renminbi or yuan. There are capital controls so it isn't fully traded on international markets. It has only been internationally traded since 2015, and I think there were various schemes before that.
Re:Canada considering charging for road access from USA to A... by kube-system on Thursday March 20, 2025 @03:34PM (#43427861)
Aren't CNY and CNH effectively two different currencies, despite having the same name and being somewhat linked?
Re:Canada considering charging for road access from USA to A... by ianburrell on Thursday March 20, 2025 @04:00PM (#43428168)
I hadn't noticed that. I guess that is how they manage the capital controls. It sounds like they are supposed to be the same internally but that there is a spread. That seems like it could be a weakness.