Chinese yuan

Turkey, China carry out first lira-yuan swap deal

Turkey, China carry out first lira-yuan swap deal

The Central Banks of Turkey and China have concluded their first Turkish lira-yuan swap deal worth 450 million Turkish liras ($132.42 million), a Turkish Central Bank source told Anadolu Agency. The swap …

Prominent investors are worried about China’s debt

Prominent investors are worried about China’s debt

It is unlikely that China’s debt will spark a global crisis in the near future

Who Would Win a Currency War? No One

Who Would Win a Currency War? No One

The temptation to gain an advantage over competitors with a cheaper currency hasn't diminished

Yuan reaches new historic low

Yuan reaches new historic low

The People’s Bank of China weakened its yuan fix further this morning, down 122 pips to 6.6594 per dollar, the lowest since December 2010. The offshore yuan fell another 0.1% to 6.6818. According to many experts, the Chinese …

People#039s Bank of China pumps $14.5 billion into market

People's Bank of China pumps $14.5 billion into market

The People's Bank of China (PBOC) conducted 95 billion yuan ($14.5 billion) in seven-day reverse repurchase agreements (repo), a process in which central banks purchase securities from banks with an agreement to resell them in the future. …

 Yuan renews historical minimum

Yuan renews historical minimum

The People's Bank of China lowered the yuan official rate by 225 pips to 6.5693 yuan per dollar, fixing it to the lowest since March 2011. Earlier, the State Council of China and the People's Bank of China expressed …

China will no longer be the ‘’workshop of the world, Natalia Pecheritsa believes

China will no longer be the ‘’workshop of the world", Natalia Pecheritsa believes

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The director of the Center for the Asia and Pacific Region of the MIRBIS Business University, Professor Natalia Pecheritsa, said that "China is no longer the 'workshop of the world'." …

 Russian Central Bank includes yuan on currency list to replenish banks#039 capital

Russian Central Bank includes yuan on currency list to replenish banks' capital

The Central Bank of Russia expanded the list of currencies which can replenish banks' capital, now it includes the Chinese yuan, the Deputy Chief of Russia’s Central Bank, Mikhail Sukhov, said on the sidelines of the …

China reduces currency reserves to low of 2011

China reduces currency reserves to low of 2011

China's currency reserves have fallen to a five-year low. The country's Currency Reserve Fund reached the level of 3.2 trillion, which is the worst figure since December 2011. According to the Central Bank, China's currency …

 Russia and China ready for ruble-yuan swap

Russia and China ready for ruble-yuan swap

Russia's Central Bank has issued a message about successful completion of the testing of a bilateral foreign-exchange swap line 'yuan-ruble' in cooperation with the People's Bank of China. "The central banks of the …

China should expect “creeping” outflow of capital

China should expect “creeping” outflow of capital

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Problems which Beijing is facing are of a long-term nature

What will be discussed at the Gaidar Forum?

What will be discussed at the Gaidar Forum?

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A Member of the Presidium of the Economic Council under the President of the Russian Federation, the Rector of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation, Vladimir Mau, spoke …

The 7th Gaidar Forum opens

The 7th Gaidar Forum opens

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The main issue of the economic discussion of Russian experts at the forum is conditions of launching a new mechanism of growth

Rate of yuan reduced to four-year low

Rate of yuan reduced to four-year low

The People's Bank of China lowered the yuan rate to 6.42 per dollar,  which is the lowest level in four years. It is the second record-breaking drop in the Chinese currency in the last two days. The IMF has …

Is Russian Central Bank moving towards yuan?

Is Russian Central Bank moving towards yuan?

The Russian Central Bank has included the Chinese yuan in the list of the currencies used for investments of gold and foreign exchange reserves, however in the near future it does not plan to make operations on purchase of the assets nominated in …

China launches CIPS international payment system

China launches CIPS international payment system

The Chinese International Payment System (CIPS) has officially begun its operations. A transaction from China to Luxembourg for Sweden's IKEA company was the first operation Experts believe that the CIPS will help integrate the yuan into ...

Nikita Maslennikov: Chinese devaluation has sparked a new trend in monetary policy

Nikita Maslennikov: "Chinese devaluation has sparked a new trend in monetary policy"

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The head of the Finance and Economics Institute of Contemporary Development, Nikita Maslennikov, believes that China's policy of devaluation has sparked a new currency trend in the countries of Southeast and Central Asia. …

Expert: Russia may face currency restrictions

Expert: Russia may face currency restrictions

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The chairman of the board of the National Currency Association (NCA), Dmitry Piskulov, spoke about the factors influencing the decline of the ruble. The analyst considers that one of the main reasons is the reduction of the Russian economy. …

Adil Kaukenov: The crisis of the Chinese stock market should not be overestimated

Adil Kaukenov: "The crisis of the Chinese stock market should not be overestimated"

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A member of the 5th meeting of the Expert Club ‘Vision of Eurasian integration in the light of changing geopolitical problems,’ adviser at the Research Institute ‘Public Opinion', Kaukenov Adil, believes that the crisis …

Lessons from Chinese devaluation

Lessons from Chinese devaluation

Nikita Maslennikov: “The devaluation has given a signal to everyone: it is better to link with fixed rates”

Will Russia face currency shortage?

Will Russia face currency shortage?

Experts don’t rule out exchange restrictions

Armenia endangered by fall of the ruble

Armenia endangered by fall of the ruble

The territory of the former Soviet Union and Asian countries may suffer the most because of the problems of the Russian ruble and the depreciation of the Chinese yuan, Bloomberg says. "While Azerbaijan and Georgia have …

Ruble falls to half-year low

Ruble falls to half-year low

This morning, the dollar increased by 0.75 rubles and was worth 65.03 rubles, the euro rose 1.02 rubles and was worth 72.07 rubles at the Moscow Exchange. The euro rose above 72 rubles for the first time since February 24, and the dollar rose …

Yuan devaluation won’t have significant impact on Russian market

Yuan devaluation won’t have significant impact on Russian market

The devaluation of the yuan will not have a direct impact on the Russian ruble and financial markets, the Russian Central Bank said. "The decision of the Chinese authorities will not have a strong impact on the Russian market …

China provides $1.6 million to Tajikistan

China provides $1.6 million to Tajikistan

The Chinese government provided an urgent humanitarian aid in the amount of 10 million yuan ( $1.6 million) to Tajikistan. "The Ministry of Commerce of China is organizing assistance of humanitarian aid and will continue to follow …

 Chinese dream on three whales

Chinese dream on three whales

The communist idea, nationalism by Sun Yat-sen, and Confucianism

New "Silk Road" route: from Chengdu to Moscow now much faster

Russia becomes  one of the most popular destinations for Chinese tourists

Sergei Ryabukhin: “Today more money is allocated to the real economy”

Sergei Ryabukhin: “Today more money is allocated to the real economy”

Interview by Vladimir Nesterov. Exclusively to Vestnik Kavkaza

CounterPunch demonizes U.S. financial policy

CounterPunch demonizes U.S. financial policy

CounterPunch has released an article accusing the U.S. of global warmongering to protect the national currency. The article says that the U.S. needs to use all possible means, including war, to protect the dollar's status. Russia and China proposed the idea of forming a neutral currency called Special Drawing Rights, an IMF imitation, the authors of the article point out. So far, the BRICS states have not adopted any currency analogical to the dollar. The idea of making the yuan the regional currency of Asia and the Eurasian Economic Union remains an unrealized fantasy, despite its popularization, RIA Novosti cites CounterPunch.

State Oil Fund of Azerbaijan intends to include yuan in currency basket

State Oil Fund of Azerbaijan intends to include yuan in currency basket

The State Oil Fund of Azerbaijan (SOFAZ) is considering the issue of including the Chinese yuan in SOFAZ’s currency basket, the head of SOFAZ Shahmar Movsumov said. He said that all SOFAZ’s assets, including the investment portfolio, are in foreign currencies.