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PBOC renews currency backup from UK and Japan to defend yuan

China central bank renews currency swap deal with UK of 350 billion yuan (US$50 billion). UK swap renewal came just two weeks after a similar credit line of 200 billion yuan with Japan Please follow and like us:... Read more
14
Nov
2018

China-Japan sign three-year FX swap deal to strengthen financial stability, business activity

Japan and China signed a bilateral currency swap arrangement on Friday aimed at enhancing the financial stability of the two countries, the Bank of Japan said. Please follow and like us:... Read more
26
Oct
2018

Bank of China cite benefits of direct RMB-Peso conversion

The renewed economic ties between the Philippines and China should prompt Filipino businessmen into using the renminbi directly in their transactions with Chinese counterparts. In a statement, the Bank of China (BOC) said the Bangko Se... Read more
13
Sep
2018

China, Malaysia extend currency swap deal

The People’s Bank of China, the country’s central bank, said Monday that it had extended a currency swap agreement with the central bank of Malaysia. Please follow and like us:... Read more
20
Aug
2018

Currency Swaps Through Renminbi Clearing Centre Boost UAE – China Trade: CBUAE

A bilateral currency swap agreement and an MoU to establish a Renminbi (RMB) Clearing Centre signed in December 2015 has boosted trade between UAE and China. Please follow and like us:... Read more
19
Jul
2018

HSBC: RMB expected to play bigger reserve role

Global reserve managers expect 8.5 percent of foreign reserves to be invested in renminbi by 2020, up from previous forecast of 6.9 percent by 2020, made by global reserve managers in 2015. Please follow and like us:... Read more
12
Jun
2018

SWIFT Tracker Underscores Continued Decline in RMB Usage in 2018

The data reveals a continued decline of the RMB in terms of domestic and international payments by value Please follow and like us:... Read more
30
Mar
2018

Chinese yuan rises in global oil markets as Saudi seeks funding in RMB

BEIJING, Aug. 31 (Xinhua) — Saudi Arabia is willing to consider funding itself in Chinese yuan, a senior Riyadh official said last week as the global oil markets are witnessing a rise of China and its currency. The remarks made b... Read more
31
Aug
2017

China QFII quota rises to 93.27 bln USD

BEIJING, July 31 (Xinhua) — China’s dollar-denominated Qualified Foreign Institutional Investors (QFII) program rose to 93.27 billion U.S. dollars at the end of July, the country’s forex regulator said Monday. A total... Read more
31
Jul
2017

China’s forex reserves drop below US$3 trillion for first time in six years

China’s foreign exchange reserves have dropped below the psychological level of US$3 trillion for the first time since February 2011.Reserves dropped by US$12.3 billion last month, a smaller fall than December, but larger than expect... Read more
07
Feb
2017
21
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in category Foreign Exchange
                                                               
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