China's currency reserves continue to drop - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » February, 2016 » 9 February 2016

China's currency reserves continue to drop
09.02.2016, 00:00 | Finance-Banks | 308 views



China's currency reserves have reached their lowest level in the last four years, as the central bank in Beijing (PBOC) sold dollars to support the exchange rate of the yuan.

According to official data, China's currency reserves have decreased by 99.5 billion dollars last month, to 3,230 billion dollars - the lowest level since May 2012. Analysts were expecting a bigger decline: 120 billion dollars, according to the record drop in December, of 107.9 billion dollars.

The PBOC has been intervening in the market as lately, the worries over the Chinese economy have led to the depreciation of the national currency (yuan) to the lowest level in the last five years. To stop the depreciation, the Central Bank of China has been selling dollars.

Read more on Bursa.ro




Latest news in category Finance-Banks

19.10.2016, ora 00:00 | 195 vizualizări
NBR governor disregards his own advice
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...


22.04.2016, ora 00:00 | 306 vizualizări
Mario Draghi: The ECB obeys the law not politicians
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...


23.02.2016, ora 00:00 | 285 vizualizări
The pound sterling, in its biggest decline since 2009
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2017 Pandora Impex SRL.