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The leader of China’s central bank made a clear though indirect critique of the dollar’s role as the world’s main currency.
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Cryptopolitan on MSNChina’s central bank throws weight behind new, emerging global currency systemChina’s top monetary official said the global financial system is moving away from the US dollar, and China wants to push the ...
IF EVER there were a country that needed to borrow at preferential interest rates, it is the US with its mounting debts, ...
The Donald Trump administration is pushing the United States (US) into uncharted territory in so many ways that it's ...
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has ...
Abu Dhabi, UAE – First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial ...
Today I have a recent piece in which Louis Gave jumps into the team’s debate over renminbi policy. In true Gavekal style, he openly questions what others in the firm think about China’s currency.
The USD/CNY exchange rate retreated from the year-to-date high of 7.3500 on April 10 to a low of 7.20 as traders focused on the trade relations between China and the United States. US and China trade ...
Last October, the International Monetary Fund officially added China’s currency, the renminbi, to the basket that makes up its Special Drawing Rights, the reserve asset in which the IMF denominates ...
Generally, people seem open to it, but they also don’t see many good alternatives. The renminbi is the obvious candidate to take share away from the dollar, given the size of the Chinese economy ...
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