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China's state-run banks are swapping dollars for yuan as officials tell them to intervene in currency markets

Thu, 08/17/2023 - 10:00

China yuan — A staff member displays the new version of the 100-yuan RMB banknotes (US 15.7 dollars) to photographers at the Bank of China Tower in Hong Kong
AP/Kin Cheung

Markets, MI Exclusive, China, China currency, China Economy, Yuan, Dollar

China is grappling with slumping growth, a property crisis and debt woes - the next jolt could come from the yuan hitting a 16-year low

Fri, 07/21/2023 - 04:46

Wangfujing shopping area at night — Grant Faint

Markets, MI Exclusive, China, China Economy, China currency, Chinese yuan, Dollar

Russia's top spy agency is worried that domestic banks don't have enough foreign currency, report says

Thu, 04/27/2023 - 12:46

Russian President Vladimir Putin — MIKHAIL METZEL/SPUTNIK/AFP via Getty Images

Markets, MI Exclusive, Russia's Federal Security Service, Russia, Ukraine, Sanctions, Russian Sanctions

Bangladesh to pay Russia $300 million in Chinese yuan for a nuclear plant loan

Fri, 04/21/2023 - 11:31

Dollar vs. Yuan — AlexSava/Getty Images

Markets, MI Exclusive, Yuan, Dollar dominance, Russia, Energy Security, China currency

De-dollarization has started, but the odds that China's yuan will take over are 'profoundly unlikely to essentially impossible'

Wed, 04/12/2023 - 14:09

Dollar vs. Yuan — Dollar vs. Yuan
ByoungJoo/Getty Images

Markets, MI Exclusive, Dollar dominance, Dollars, USD, Yuan, China currency

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