In a world constantly evolving with digital advancements and environmental consciousness, the concept of currency is undergoing a remarkable transformation.

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. There is little doubt that China rather actively managed its currency in 2023. For ...

BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the ...

China pushes yuan globalisation with cheaper borrowing, wider offshore access, and expanded panda bond markets.

China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, in a major reversal of its stance towards digital ...

China is pushing global use of the yuan to reduce the impact of potential Western sanctions. It aims to guard against sanctions in scenarios such as military conflict over Taiwan, a researcher says.

Driven primarily by investors seeking safe havens amid an increasingly uncertain global economy, gold prices have been on a tear recently, reaching an all-time high of approximately $3,500 per ounce ...

WASHINGTON (Reuters) - China's currency is clearly undervalued, but pressure on Beijing to make its currency rise in value won't trim the U.S. trade deficit with China or reduce the jobless rate, say ...

BUENOS AIRES, April 8 (Reuters) - China is on a crash course with the United States over a major Chinese currency swap deal with Argentina that has buffered the South American country's depleted ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The daily Central Parity Rate (“fix”) is supposed to be the middle point in the ...