Tag Archives: Chinese Renminbi RMB

China to add 11 currencies to CFETS RMB Index in 2017

China will add 11 new currencies to CFETS RMB Index on 01 January 2017; expands the RMB Index from a basket of 13 currencies to 24 currencies. The CFETS Index is a guidance for market participants to look at Renminbi against a basket of currencies instead of focusing on USDCNY exchange rate only.