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2 mins read

Rs 2,000 notes: 97.96% returned; Rs 7,261 crore worth notes still with public

The facility for the exchange of the Rs 2000 banknotes has been available at the 19 issue offices o…

PTI   


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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About 2.1 per cent or Rs 7,581 crore of the withdrawn Rs 2,000 banknotes have not yet been returned…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   


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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   


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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   


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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   


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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   


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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   


Brian Evans   


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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   


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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…

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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   


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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.…

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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…

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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   


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3 mins read

Russia can rely on China for the yuan, but China can't rely on anyone else

China faces many limitations to de-dollarization and just can't copy Russia's sanctions-proofing pl…

Huileng Tan   


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2 mins read

Stocks tied to Russia rally as Trump's win fuels hopes for an end to the Ukraine war

Ukraine bonds have also rallied this week as investors grow hopeful that president-elect Donald Tru…

Kelly Cloonan   


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2 mins read

Ukraine bonds rally on Trump's victory amid his pledges to end the war

Trump said during his campaign that he would try to end the war in Ukraine. "I will get it settled …

Kelly Cloonan   


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2 mins read

Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze

Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The centra…

Huileng Tan   


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6 mins read

AI chatbots are the new priests

I went to confession with an Episcopalian chatbot. It wasn't very helpful.

John Brandon   


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3 mins read

The national debt crisis is set to worsen no matter who wins the election — here's what you can do to protect your portfolio

Don't expect politicians to address the issue of soaring national debt anytime soon. For investors,…

Christine Ji