Chinese Yuan

Discussion in 'Forex' started by n00b7r4d3r, Nov 6, 2007.

  1. When I go to Oanda and get interest rates for Chinese Yuan i see
    CNY -1.5000 -0.5000 Fri Oct 19 17:30:00 2007

    I understand this as the best interest rate that someone will pay you for using your money is -1.5000 per annum and the best rate you can borrow from someone else is -0.5000.

    These numbers are negative so that means that people will pay you to take their money and will charge you if you try to lend it to someone?
  2. I must be understanding this wrong: what is to prevent a person from borrowing 99999999999999 Yuan from a bank and getting paid to sit around and do nothing.
  3. Paliz


    thats not a negative
  4. revaluation