Foreign exchange reserves across the region have taken a hit as central banks grapple with strong greenback and China's defence…
"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined…
BRICS foreign ministers have asserted their bloc's ambition to rival Western powers and build up their influence in a multi-polar…
Western sanctions against Russia over its invasion of Ukraine have given a boost to China's efforts to internationalise its currency,…
Last July, the RBI introduced a new mechanism to settle international trade in rupees, aiming to promote exports and facilitate…
China has set up a yuan reserve pool along with Indonesia, Malaysia, Hong Kong, Singapore and Chile at the Bank…
Calls for reduced reliance on the dollar system and boosting the yuan to become a robust, globally-traded reserve currency come…
China's yuan has seen its best week in about 18 months, extending gains on Monday against the dollar, as Shanghai…
IMF raised dollar weighting to 43.38% from 41.73% and yuan's to 12.28% from 10.92%. The euro's weighting declined to 29.31%…
Nomura said yuan depreciation could also add modest inflationary pressures, as China is the world’s largest importer of energy and…
The Chinese yuan hit an 18-month low in Monday morning trade as concern about its zero-Covid policy and economic slowdown…
Overseas investors extended their selling of Chinese shares into April on mounting worries about prolonged Covid-19 lockdowns and Russia's invasion…