The Minister of Economy of Argentina, Sergio Massa, reported the activation of the swap with China, through which the payment of imports from the Asian giant in yuan will be allowed to face the challenge of maintaining the level of international reserves, which in the last few weeks are falling…
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Yuan
ECB will continue with its economic stimulus policy
ECB President Christine Lagarde recently pointed out that raising interest rates too quickly would stifle the Eurozone's recovery. "Raising the main interest rate of the European Central Bank now would not reduce the historically high…
The European Union estimates to launch its digital currency in 2025
The European Commission continues to work on the development of the digital euro and they estimate to finalize a first prototype of their digital currency by the end of this year. But the commission plans to launch it on the market,…
China prepares to issue its own cryptocurrency
Everything indicates that China is fully prepared to issue its own digital asset, which will be the first guaranteed by a country and which also has the equivalent value of its current currency.
China for a long time was considered one of…
People’s Bank of China supports banks credit capacity
The People's Bank of China (BPC), the central bank of the Asian giant, has expressed the need to persevere in the structural adjustment of the economy and improve the lending capacity of commercial banks to the real economy.
In a meeting…
New Beijing airport starts commercial operation
The new Pequín-Daxing airport, now trneding topic, has started operations this Wednesday after four years of construction, placing itself among the largest terminal in the world. It offers 103 square kilometers and two floors dedicated…
Chinese DC / EP digital currency will not be launched in November
The Chinese digital currency DC / EP would be distributed in Alibaba, Tencent and Union Pay according to reports published by the media. Before this, the People's Bank of China clarified that these companies would not be the first…
Binance announces the launching of its OTC
In a media session at Shanghai blockchain Week, Binance's co-founder and marketing director He Yi said the platform provides opportunities to deposit in fiat currencies, including the Chinese one.
After the banning of the Asian giant to…
Bank of China adds 900 billion yuan of liquidity
The People's Bank of China, the central bank of the Asian giant, has decided to inject 900 billion yuan of liquidity into the country's economy, as announced in a statement Friday.
To Achieve this, the monetary authority will reduce the…
Chinese Yuan reaches its lowest value since 2008
The People's Bank of China (BPC) set at 7.0883 yuan the midpoint of the dollar exchange rate reference band, the lowest since March 13, 2008, after the entry into force on Sunday of the new US tariffs on imports from China, as well as…
Venezuelan crude oil prices continue to decline
According to the Ministry of Petroleum, Venezuelan crude averages 57.36 dollars or 404.42 yuan so far this year. Also, the exchange rate offered by the ministry for this week's calculations was 7.05 yuan for every U.S. dollar.
In 2017…
China places its currency at 7 yuan per dollar
The People's Bank of China (BPC) set this Thursday, for the first time since the Great Recession, the reference exchange rate of the Asian giant's currency above the threshold of 7 yuan per dollar, after the price of the Chinese currency…