Post Tagged with: "Yuan"

Geopolitical Update: China Is Building A Yuan Currency Reserve

Geopolitical Update: China Is Building A Yuan Currency Reserve

The People’s Bank of China is building a yuan reserve with five other nations in collaboration with the Bank for International Settlements. The countries China is teaming up are Indonesia, Malaysia, Hong Kong, Singapore, and Chile. Each of the countries will contribute 15 billion yuan — about $2.2 billion — to a Renminbi Liquidity Arrangement, China’s central bank said in[Read More…]

by 28/06/2022 2 comments World
Israel Adds Yuan To Its Reserves And Cuts Dollar Holdings

Israel Adds Yuan To Its Reserves And Cuts Dollar Holdings

Israel’s central bank has made the biggest changes to its allocation of reserves in over a decade, adding the Chinese yuan alongside three other currencies to a stockpile that last year exceeded $200 billion for the first time ever. A Bloomberg report said: Starting this year, the currency mix will expand from the trio of the U.S. dollar, the euro[Read More…]

by 21/04/2022 Comments are Disabled World