Will Chinese yuan (1 CNY) fall below $0.10 USD in 2022?
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Ṁ140Ṁ563resolved Jan 5
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This question will resolve to "YES" if at any point of year 2022, the exchange rate between Chinese yuan-renminbi (CNY-RMB) and U.S. dollar (USD) is below 0.100000, according to Yahoo! Finance, https://finance.yahoo.com/quote/CNYUSD=X/
Otherwise, if the exchange rate CNY/USD is always above 0.10000 in 2022, this will resolve to "NO".
This question is managed and resolved by Manifold.
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China's bank has said that they will be supporting the currency. This makes us think a collapse is now extremely unlikely, unless the bank of China either lied (very unlikely as it would ruin their trust), or does not have enough reserves to stop the flood of capital (also not realistic, as China is the second largest foreign holder of US debt)
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