Photo: FellowNekocat – Freepik.com Friendship ends when it comes to money – even in a supposedly “borderless partnership” like that between Russia and China. Since the outbreak of the war in Ukraine, this partnership has intensified further, as Russia has been increasingly cut off from the Western financial system and the US dollar due to … Read more
Folks’s Financial institution of China The Folks’s Financial institution of China selected Monday morning to set the yuan trade fee in opposition to the US greenback at 7.1313 yuan per greenback, and it was anticipated to report 7.2548 yuan, whereas the closing worth of the pair yesterday reached 7.2500 yuan , and the financial institution … Read more
During 2 years of war, Russia burned 4.7 trillion rubles, more than 50% of its liquid assets of the National Welfare Fund. The liquid part of the so-called National Welfare Fund of Russia (NWF RF) has collapsed sharply. According to the Russian financial Telegram channel Proeconomicsthere are actually only 3 trillion rubles left in the … Read more
The proportion of the yuan used as payment for Russian exports has increased 86-fold over the past two years, reaching 34.5% of the total export value. According to information from the Governor of the Central Bank of Russia The RIA news agency has published an interview with Elvira Nabiullina, Governor of the Russian Central Bank, … Read more
Miss Kanchana Chokpaisansin Research Executive, Kasikorn Research Center Company Co., Ltd. revealed that the baht today (18 Oct. 2023) closed the market at 36.30 baht per dollar. Compared to yesterday’s market closing level of 36.40 baht per dollar. The baht strengthened following sentiment regarding the Yuan, which benefited from China’s 3Q23 GDP numbers that came … Read more
CNN Indonesia Friday, 21 Jul 2023 06:12 WIB Major banks in China flocked to sell US dollar reserves in order to stem the rate of decline in the yuan exchange rate. (CNN Indonesia/Safir Makki) Jakarta, CNNIndonesia — Bank-bank in China flocked to sell US dollars in order to stem the rate of decline in the … Read more
economist expects Chinese economy recovers slowly The Beijing government needs more stimulus plans. to support economic activities And bring back the shaky consumer confidence. behindChinaStrong start to the year When strict COVID control measures are lifted But the latest data suggests that economic activity is declining rapidly. due to sluggish demand both domestically and internationally … Read more
A money manager from Bank of Ayudhya revealed that the baht closed this evening at 34.61 baht / dollar, a slight depreciation from The market opened this morning at 34.60 baht/dollar due to political factors in the country where the market is still waiting for clarity on the vote. choose the prime minister by moving … Read more
CNN Indonesia Thursday, 27 Apr 2023 18:02 WIB The Chinese yuan finally overthrew the US dollar as the most used currency for cross-border transactions in March 2023. (Istockphoto/Dilok Klaisataporn) Jakarta, CNNIndonesia — chinese Currency, yuanfinally managed to eject dollar AS as the currency most widely used for cross-border transactions (cross-border) in March 2023. This increasingly … Read more
On the 25th, the won/dollar exchange rate showed a limited decline in the early trading hours. As of 9:32 a.m. in the Seoul foreign exchange market on this day, the won-to-dollar exchange rate is 1330.8 won, down 4.0 won from the previous day. The exchange rate is moving around 1330 won after opening at 1331.5 … Read more