You Searched For "currency swap agreement" and got 18 results
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3 mins read
Maldives President Muizzu met with PM Modi in Delhi today. Here’s how it went!
New initiatives like RuPay card payments and a currency swap agreement have been introduced, with b…
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
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
2 mins read
China's yuan is displacing other top global currencies in trade, but not the US dollar
"The higher share of CNY in trade invoicing doesn't seem to be dethroning USD, but rather pushing o…
Filip De Mott
2 mins read
India secures Japan’s help in saving the rupee by signing its largest currency swap agreement with the country ever
The move is a big win for the RBI, which will be able to bolster its foreign exchange reserv…
11 mins read
Altcoins are the alternative digital currencies to bitcoin - here's what they are and how they work
Altcoins, or alternative coins, are any cryptocurrencies not bitcoin. Learn why and how altcoins em…
Ryan Austin
5 mins read
The LIBOR is a global interest rate that affects the rates of many loans and investments. Here's how it's set, and why it's slated to end
The LIBOR, short for London Interbank Offered Rate, is a fluctuating short-term interest rate that …
Karen Fernandez
2 mins read
The Fed starts a new program to provide dollars to central banks and calm the $5 trillion currency market
Tuesday's new repo facility is far from the first the Fed has established to deal with the coronavi…
Ben Winck
2 mins read
China Has Taken 2 Big Baby Steps Toward Internationalizing Its Currency
"For the renminbi to be a truly international currency, it has to circulate outside of China, and i…
Mamta Badkar
6 mins read
How China's Renminbi Went From Overpriced Certificates To Major International Currency
In terms of its capital account, China has been rolling out reforms since the 18th Party Congress. …
Mamta Badkar
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
1 min read
China expands de-dollarization push as global central banks use record amount of yuan
The yuan's use in currency swaps grew to $15.6 billion at the end of March, marking the second-larg…
Filip De Mott
1 min read
Bank of China eyes de-dollarization move in Africa, pushing the yuan in a top copper producer
The Bank of China's office in Zambia is pushing to increase trade using the yuan in Africa's second…
Aruni Soni
2 mins read
China is leading a 'voracious' gold-buying spree as central banks try to shrink dollar reserves
China has bought 181 of 800 tonnes of gold purchased globally this year. The move underscores dedol…
Aruni Soni
1 min read
Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage
"It will be a good thing for Brazilian exporters, and it will be great news if Argentina agrees," B…
Filip De Mott
1 min read
Argentina's use of Chinese yuan is soaring as dollars run short, and a top US manufacturer may join the trend
As Argentina's dollar reserve falls to its lowest level since 2016, companies in the nation are tur…
Filip De Mott
2 mins read
The dollar won't be threatened by a multipolar geopolitical order, think tank expert says
The dollar's dominance is determined by economic factors and not geopolitcal risk, Carla Norrlöf of…
Filip De Mott
2 mins read
US stocks jump as bond yields slip and Microsoft shares surge
All three benchmark indexes surged, with the Dow and the S&P 500 on track to notch their best month…