You Searched For "currency denomination" and got 20 results
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2 mins read
China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.
In a recent global survey of 1,660 enterprises, many respondents said their trading partners were u…
Huileng Tan
3 mins read
3 reasons the dollar can't be dethroned as the world's dominant currency, according to Morgan Stanley
The US dollar won't be displaced by any of its rivals anytime soon, Morgan Stanley said.
Jennifer Sor
3 mins read
People in China continue to buy gold even as the currency remains weak!
Record-high gold prices driven by global uncertainties and central bank rate cuts lead to increased…
Huileng Tan
1 min read
IREDA's GIFT City branch to give special foreign currency loans for green projects
Indian Renewable Energy Development Agency Ltd (IREDA) has opened an office in GIFT City at Gandhin…
1 min read
Pakistan to issue new notes to combat counterfeit currencies
Pakistan's central bank has announced that it will introduce new currency notes with enhanced secur…
PTI
2 mins read
RBI extends deadline to exchange, deposit Rs 2,000 notes till Oct 7
The Reserve Bank on Saturday extended the special drive to withdraw Rs 2,000 bank notes from the sy…
PTI
1 min read
China signs yuan-denominated loans for Belt and Road Initiative, accelerating de-dollarization
Beijing's yuan lending spree comes after most of its prior Belt and Road Initiative loans were deno…
Aruni Soni
2 mins read
Egypt issues Chinese yuan-denominated panda bonds for the first time, getting lower rate than dollar-based debt
Egypt issued three-year panda bonds worth 3.5 billion yuan, or about $479 million, marking another …
Aruni Soni
1 min read
Russia eyes sales of yuan-denominated bonds as local trading in China's currency soars
Ruble-yuan trading volumes have grown by 40 times in 2022. Russia plan to restart sales of local bo…
Brian Evans
1 min read
China boosts Argentina's access to the yuan under currency deal as peso plummets
Argentina's president said the country can now tap $6.5 billion worth of Chinese yuan, up from $5 b…
Aruni Soni
1 min read
China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push
The agreement marks the latest move to boost internationalization of the yuan in global finance in …
Aruni Soni
2 mins read
It's not just stocks - high bond yields are also laying waste to commodities, currencies, and housing
The consequences of soaring bond yields have become clearer for investors across financial markets.
Filip De Mott
1 min read
Russia's largest oil producer completes its very first yuan-denominated bond sale as Moscow leans further toward China's currency
Russia and China have moved closer since the invasion of Ukraine.
Brian Evans
2 mins read
The Japanese yen's underlying forces are so weak the currency is in the 'same league' as the Argentine peso and Turkish lira, Deutsche Bank says
Intervention by the Bank of Japan in currency markets won't help the yen, and may actually backfire…
Filip De Mott
1 min read
India, UAE in talks for rupee-dirham denominated bilateral trade
India and UAE are in talks for a Rupee-Dirham-denominated bilateral trade.
ANI
2 mins read
'Coldplay dollar' and 'Qatar dollar' highlight Argentina's bizarre currency system as it weighs ditching the peso
There are more than a dozen different peso-dollar exchange rates that are meant to stem outflows of…
Filip De Mott
2 mins read
China-based BRICS bank aims to de-dollarize debt by expanding local currency lending
The New Development Bank has plans to expand lending in Brazilian, South African, and Indian curren…
Filip De Mott
1 min read
India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources to…
Filip De Mott
2 mins read
About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says
Central bank digital currencies "could help de-dollarization or counter "cryptoization"," IMF staff…
Joseph Wilkins
4 mins read
Is the Dollar dying? Its reserve currency status may be at risk, but it isn’t time to die
The world is going through an upheaval on multiple fronts, many of which lead to the US’ unchecked …