People's Bank of China (PBOC) on Monday published details regarding regulations of the booming online payments sector, which are set to come into effect on July 1, 2016. The new rules restrict the size of payments done from non-bank payment accounts and introduce certain requirements for registration. In particular, the size of payments through such…
Read moreThe European Central Bank (ECB) and the People’s Bank of China (PBOC) today announced the successful testing of their bilateral currency swap arrangement. The arrangement was established in October 2013, with a maximum size of RMB 350 billion and EUR 45 billion. As part of the ECB’s plan to regularly test its operational capabilities, the…
Read moreThe Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBOC) have agreed to renew and enhance the bilateral currency swap arrangement (BCSA) established between the two central banks. This is one of the main outcomes of the recent visit to Singapore by the President of the People’s Republic of China, Mr Xi…
Read moreThe National Bank of Belarus has carried out the first drawing under the agreement, which was initially signed on May 10, 2015.
Read moreThe People's Bank of China will require reserves to be set aside for buying all currency derivatives from October, this making it more expensive to bet on depreciation of the Chinese currency.
Read moreSteven Knight, Research Analyst for Blackwell Global, looks at the risks crude oil faces due to the Chinese decision to devalue the Yuan.
Read more"Customer trading activity in yuan-related currency pairs constitutes an immaterial part of our overall trading volume”, stated GAIN's CEO Glenn Stevens.
Read moreThe People's Bank of China decided to devalue the yuan on Tuesday August 11th, 2015, allowing the currency to weaken against the dollar to its lowest point in nearly three years.
Read moreBoth central banks agreed to coordinate and cooperate on the supervision, oversight and clearing of Renminbi in South Africa and also to exchange information in order to facilitate the continuous improvement and development of bi-lateral trade.
Read moreThe sudden move has erased all of the yuan's losses this year and squeezed companies that have bet CNY would fall further this year as the Chinese economy cools off and U.S monetary authorities debate rate hikes in the near future.
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