Chinese yuan weakens to ¥6.8814 against dollar
![Chinese Yuan and American Dollar](https://i1.wp.com/gazettengr.com/wp-content/uploads/images-2022-03-22T115306.311.jpeg)
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 135 pips to ¥6.8814 against the dollar on Tuesday.
This is according to the China Foreign Exchange Trade System.
In China’s spot foreign exchange market, the yuan can 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 was based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
![Katsina State](https://i1.wp.com/gazettengr.com/wp-content/uploads/1863B29B-AC06-49E0-ADFA-655BBEC3389A.jpeg)
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
![Ifeanyi Okowa](https://i1.wp.com/gazettengr.com/wp-content/uploads/2020/10/Ifeanyi-Okowa.jpg)
States
Gov. Okowa didn’t sign law on governors’ new pension benefits: Commissioner
He said that the detractors and opposition political candidates also alleged that the Okowa-led government sold the state Liaison Office in Lagos.
![Lagos-Ibadan highway long bridge](https://i1.wp.com/gazettengr.com/wp-content/uploads/IMG_3226.jpg)
Lagos
Lagos fourth wealthiest city in Africa, seventy-two worldwide: Report
The report further detailed that Lagos has about 5,400 millionaires with a net worth of $1 million.
![President Muhammadu Buhari and stashed Cash](https://i1.wp.com/gazettengr.com/wp-content/uploads/Screenshot_20230418-142102_Quick-Grid.jpg)
Economy
Subsidy removal will reduce Nigeria’s rising debt profile: LCCI
Nigeria secured an $800 million relief package from the World Bank to minimise the effect of subsidy removal on the most vulnerable in society.
![Nigerian Police Force](https://i1.wp.com/gazettengr.com/wp-content/uploads/Police-stories-3.png)
States
Police arrest two female child traffickers in Enugu
He said that their arrest led to the rescue of two children: Ogechi Eneh (female), age four and Destiny Okechukwu (male), age one.
![Photo of Federal Fire Service used to illustrate this story](https://i1.wp.com/gazettengr.com/wp-content/uploads/Federal-Fire-Service-2.jpg)
States
N2.2 billion properties destroyed in Osun, fire service says
Osun Fire Service says properties worth N2.28 billion were destroyed by fire between January and December 2022.
![Nyesom Wike and PDP logo](https://i1.wp.com/gazettengr.com/wp-content/uploads/Screenshot_20230418-135309_Quick-Grid.jpg)
Politics
Court bars PDP from suspending, expelling Wike loyalists
The Abuja Division of the Federal High Court on Tuesday restrained PDP from suspending or expelling members perceived to be loyal to Governor Nyesom Wike.