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RENMINBI INTERNATIONALISATION
De-Dollarisation dilemma: Can BRICS challenge the global reign of the US Dollar?Donald Trump's tariff threats against BRICS nations highlight the ongoing debate about de-dollarization. While alternatives like the renmin...- Not as $trong, but $till $ignificantRecent reports suggest that Saudi Arabia has shifted away from the US dollar in its oil trade agreements, deviating from the petrodollar sy...
- Why is internationalisation of rupee not gaining currency? Lessons from the India-Russia oil trade dealThe rupee-rouble settlement mechanism drawn up after the invasion of Ukraine shows the barriers in India’s plan to make the INR a globally ...
- Russia’s exclusion from SWIFT an opportunity for China to internationalise RMBRussia tried to find ways to minimise the bite of sanctions. Russian businesses are using RMB to settle more of their trade. They are also ...
- China moots yuan pooling scheme to counter US dollar dominanceThe Renminbi Liquidity Arrangement, which could be used in periods of market volatility in the future, initially includes the PBOC, the Ban...
- Renminbi adoption improves across IndiaRecently released SWIFT data shows that India’s use of (Renminbi) RMB for payments by value with China and Hong Kong is on the rise, but th...
- Asian demand likely to keep gold market bullish in 2016: WGCAsian markets are expected keep sentiment bullish in 2016 as well with the introduction of pro-gold schemes, World Gold Council said today.
- China issues first offshore renminbi note in LondonChina's central bank has issued its first offshore renminbi note in London coinciding with President Xi Jinping's high-profile visit to the...
- Chinese slowdown opportunity for India: CEA Arvind SubramanianThe Chief Economic Adviser said investment from companies like Foxconn of Taiwan and Xiaomi of China suggest that companies based in China ...
- China's currency Renminbi to become fourth most-used currency: ReportRMB is now the world's second trade-finance currency, fifth payment currency, and sixth foreign-exchange currency, said a report.
- World sheds reserve over growing role of China's yuanChina's yuan will one day compete for a place alongside the mighty dollar as a reserve currency hoarded by central banks, say analysts.
- Booster shot: IFC launches $1billion offshore rupee bondIndia accounted for $4.5 bn of IFC's committed investment portfolio as of June 30, 2013--more than any other country.
- Davos: Renminbi unlikely to replace dollar, says Former US Treasury Secy Lawrence SummersChinese currency renminbi is unlikely to supplant the US dollar as the world's reserve currency in the near term, former US Treasury Secret...
- Asian Development Bank adds rupee & Chinese Renminbi to its currency listADB's Board of Directors on Tuesday approved the inclusion of rupee and renminbi in their Trade Finance Program, which so far had the dolla...
- China to set up new international payment system for yuanChina is likely to put in place an international system of payments to facilitate cross-border yuan transactions which have risen to new hi...
- World moving towards new monetary system: ZoellickThe global economy is moving towards a new monetary system with gold emerging as a preferred alternative to existing asset, World Bank pres...
- World Bank chief moots return to gold standardRobert Zoellick urged world's leading economies to consider returning to a modified gold standard as fears of an upcoming currency war moun...
- RBI study makes case for rupee as alternative global currencyA study by India's central bank, the RBI, has mooted the idea of floating the rupee as a global currency, but asked the government to caref...
- India growth likely to exceed China's: Chinese officialIndian economy is expected to grow at a faster rate than neighbouring China in the near future, a top Chinese official said today.
- China's yuan not ready to be world currency: Central bankThe Chinese yuan has a long way to go before it is ready to be an international currency, a top central bank official said Tuesday, despite...
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