A senior German central banker has warned that “discreet policy interventions” in China’s renminbi (Rmb) are not helping the country’s exports. Instead, they are leading to a lack of trust in the currency by foreign investors, GTR reported Wednesday (Jan. 17). Get the Full Story Complete...
China’s central bank is reportedly looking to enhance the efficiency of cross-border payments by lengthening the operating hours of its payments clearing system for high-value transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The use of China’s renminbi for international payments saw a swift and steady incline over the last few years, but new data suggests the yuan’s popularity is dropping. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Corporates offloading Chinese renminbi overseas have local banks scrambling to stunt the outflow of local currency, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
December 13, 2021
The Twitter account of India’s Prime Minister, Narendra Modi, was hacked Sunday (Dec. 12) morning, with a fake tweet proclaiming that bitcoin was now legal in India and that 500 bitcoin would be distributed among residents, according to a Coindesk report. Get the Full Story Complete the form to unlock this article and enjoy unlimited […]
January 18, 2018
A senior German central banker has warned that “discreet policy interventions” in China’s renminbi (Rmb) are not helping the country’s exports. Instead, they are leading to a lack of trust...
