A senior German central banker has warned that “discreet policy interventions” in China’s renminbi (Rmb) are not helping the country’s exports. Instead, they are leading to a lack of trust in the currency by foreign investors, GTR reported Wednesday (Jan. 17). Speaking in Hong Kong this...
China’s central bank is reportedly looking to enhance the efficiency of cross-border payments by lengthening the operating hours of its payments clearing system for high-value transactions. According to news from Reuters on Wednesday (Jan. 3), three unnamed sources said China’s central bank will open up the...
The use of China’s renminbi for international payments saw a swift and steady incline over the last few years, but new data suggests the yuan’s popularity is dropping. Payments processor SWIFT revealed new data last week that showed the value of international payments made in...
Corporates offloading Chinese renminbi overseas have local banks scrambling to stunt the outflow of local currency, according to reports. For the fifth day in a row, state-run banks in China have sold dollars to counter corporate offloading of renminbi, reports said Sunday (Dec. 4). Companies...
December 13, 2021
The Twitter account of India’s Prime Minister, Narendra Modi, was hacked Sunday (Dec. 12) morning, with a fake tweet proclaiming that bitcoin was now legal in India and that 500 bitcoin would be distributed among residents, according to a Coindesk report. This was the second time Modi’s account was compromised. The fake tweet was deleted […]
January 18, 2018
A senior German central banker has warned that “discreet policy interventions” in China’s renminbi (Rmb) are not helping the country’s exports. Instead, they are leading to a lack of trust...
