Chinese yuan

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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 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 …

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What will be discussed at the Gaidar Forum?

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 …

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The 7th Gaidar Forum opens

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

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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 …

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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 …

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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 ...

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Expert: Russia may face currency restrictions

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. …

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