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2 mins read
2.1% of ₹2,000 banknotes, with value of ₹7,581 crore, still to be returned
About 2.1 per cent or Rs 7,581 crore of the withdrawn Rs 2,000 banknotes have not yet been returned…
ANI
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
India, UAE in talks for rupee-dirham denominated bilateral trade
India and UAE are in talks for a Rupee-Dirham-denominated bilateral trade.
ANI
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
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
1 min read
Russia is preparing to make payments on a $2 billion dollar-denominated bond due next week after narrowly avoiding default
Russia is also prepping for a payment tied to bonds due in 2042. Moscow made $117 million in bond i…
Carla Mozée
1 min read
Help for the visually impaired: How to use MANI to identify denomination of currency notes
The MANI app has some pre-defined vibration alerts to help users identify currency denominatio…
4 mins read
China is binging on dollar-denominated debt
Borrowing in foreign currencies increases the default risks. When the dollar rises against the curr…
Wolf Richter
1 min read
RBI won’t introduce new denomination notes, to focus on cashless transactions
“Banks cannot escape from the responsibility of controlling NPAs in their balance sheets,” he said.…
2 mins read
You can exchange old denominations of Rs 500 and Rs 1000 worth Rs 4000 only once
The limit of Rs 4000 per person is at one time exchange allowed till this decision is reviewed 15 d…
1 min read
Foreign Demand For Dollar-Denominated Investments Has Collapsed
Flows, flows, flows. It is the combination of the Fed printing money and slowing domestic US growth…
Sam Ro
1 min read
Prices have surged so much in Argentina that the government will print 10,000 peso notes
Inflation in Argentina hit 287% in March. The central bank next month will introduce the 10,000 pes…
Yuheng Zhan
1 min read
Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds
Riyadh is pressing ahead with massive spending projects as part of its Vision 2030 economic transfo…
George Glover
2 mins read
Domestic air passenger traffic grows to about 138.9 million in May, sees 5.1% annual increase: Icra
Domestic air passenger traffic grew 5.1 per cent year-on-year to an estimated 138.9 million in May …
PTI
2 mins read
China ramps up de-dollarization efforts by dumping a record amount of US bonds
China sold a record $53.3 billion worth of US Treasurys and agency bonds last quarter as it acceler…
Filip De Mott
7 mins read
Gen Zers are obsessed with Aritzia's $148 Effortless Pant. Uniqlo's 'work uniforms' are Asia's budget answer to it — at a fraction of the price.
Uniqlo has positioned itself as the maker of Asia's unofficial "work uniform," and its basic fits h…
Aditi Bharade
3 mins read
My 5-year-old could identify a butterfly's life cycle but not a nickel. It was my wake-up call to start teaching him about money.
My son could explain the lifecycle of a butterfly with the correct words but couldn't tell coins ap…
Laura Niebauer Palmer
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…