The yuan has consistently been falling, made clear by this candlestick chart that shows most days closing near the low (in terms of RMB, it appears high because this chart is USD/CNY) for the day.
Below the chart is the renminbi prices at various banks. The second and fourth boxes from top to bottom are the bid and offer at various large banks.
HKMA fines Hua Nan Commercial Bank HK$9m for Anti-Money Laundering breaches
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Source: HK Monetary Authority | Source date: 19-Apr-2024 22:23
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