Chinese yuan

 Will Russia issue government bonds in yuan?

The Russian Finance Ministry hopes to place federal loan bonds in the Chinese yuan next year, head of the ministry's Department of National Debt and State-Owned Financial Assets Konstantin Vyshkovsky said during a video …

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Will Shanghai International Energy Exchange save oil?

China’s yuan-denominated crude-oil futures surged on their long-awaited debut on the Shanghai International Energy Exchange today, indicating positive initial sentiment toward the new market, which Beijing hopes will eventually give …

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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 …

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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 …

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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. …

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 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 …

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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 …

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