Sentence examples for accept yuan from inspiring English sources

Foreign banks will be able to lend and accept yuan deposits from domestic customers at the end of 2006 as China fulfills a pledge made when it joined the World Trade Organization.

Iran has said it will accept Yuan for oil.

Russia now accepts yuan for oil payments (something that other oil exporters, such as Saudi Arabia, don't do).

In the past few weeks, Bitcoin — the most widely used digital or virtual currency — has "gone parabolic," as financial market watchers like to say, soaring from a value of $800 to $1200, then rapidly losing half as much as half its value after a Chinese exchange stopped accepting yuan deposits.

The price of bitcoin has plummeted following an announcement from China's largest bitcoin exchange that it would no longer be accepting new yuan deposits.

Chinese policymakers accept that the yuan needs to appreciate over the longer term, but say now is the wrong time, because Chinese exports are still falling, by 14% over the past 12 months.Another reason for hesitation is that the theory that revaluing the yuan will allow Beijing to tighten its monetary policy is too simplistic.

Yu Yongding, the director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences and until last year a member of the monetary policy committee of China's central bank, said that rising inflation at home was making it much easier for the Chinese government to accept a stronger yuan.

Back in November, the company began to accept payments in Chinese yuan in its App Store: previously users would have needed credit cards that processed in dollars to make app purchases.

They have accepted deposits in yuan at local currency exchange bureaus, and then withdrawals of the equivalent in Hong Kong dollars on the other side of the border.

His sentence began June 13 , 2005 when he was detained for investigations into charges that he had accepted 4.18 million yuan ($530,000) in bribes, according to the verdict by the Beijing No. 1 Intermediate Court.

On July 8th a former railways minister, Liu Zhijun, a "tiger" who had been detained under Mr Hu, was given a suspended death sentence in effect, a life term for accepting bribes of 64.6m yuan ($10.5m).