US dollar
India's Reddy on monetary co-operation in Asia
In the speech 'Monetary co-operation in Asia' given on 3 September, YV Reddy of the RBI said the RBI is planning a new six-country trade-weighted real effective exchange rate (REER) index for the rupee which would include China's yuan and the Hong Kong…
Central banker says China won't revalue yuan again
People's Bank of China deputy governor Ma Delun said the country won't revalue the yuan again after scrapping its peg to the dollar and will buy and sell currencies to prevent "excessive" movements in the exchange rate.
Socialist Party calls for sacking of NBU chief
Ukraine's Socialist Party, which makes up one of three groups in the government coalition, called for the dismissal of National Bank of Ukraine governor Volodymyr Stelmakh on Tuesday 30 August, saying the strong currency is damaging the economy.
Nigeria in record forex sale
The Central Bank of Nigeria offered $500 million to banks in the foreign exchange market on 23 August, in its largest ever sale of foreign exchange.
Italian economy minister wants ECB rate cut
Italy's deputy economy minister Mario Baldassari said he favours the European Central Bank cutting its interest rates, as well as the euro being valued at parity with the dollar.
Shadow on the Euro
An article published this week notes that five months after central banks talked of increasing their euro reserves at the expense of the dollar, the speculation now is about how long the euro will last. With its credibility in danger the article asks…
Study says euro could be top reserve by 2022
A paper published this week says the euro could replace the dollar as the world's dominant reserve currency within 20 years if Britain and other EU countries adopted the unit and the US currency continues to slide.
HKMA's Pang on the Retail Bond Issue
In a speech given on 18 July Peter Pang of the Hong Kong Monetary Authority said the upcoming Retail Bond issue has both Hong Kong Dollar and US Dollar denominated notes. This is the first time that the HKMC issues US Dollar notes.
Pressure on Asia to shift reserves
Asian central banks may have to shift up to $500 billion in reserves from dollars to euros and yen or risk foregoing $28 billion a year in potential revenue, according to a report published by Goldman Sachs Group.
China's yuan decision may not change things much
This article published on on Thursday 28 July suggests the enthusiasm which greeted China's recent currency revaluation was sorely misguided. Taken together, the details outlined in the announcement left the future of China's currency as murky as if the…
IMF's Rato says no case for sanctions on China
IMF Managing Director Rodrigo Rato said in an interview on Thursday 28 July that there is no case for trade retaliation against China because of its foreign exchange policy.
Statement by People's Bank of China on yuan
The People's Bank of China issued a statement on Tuesday 26 July which played down market speculation of further rises of the yuan after last week's 2.1-percent yuan revaluation.
Reports claim China told US of yuan plan
News reports on Monday 25 July said that US officials were informed by the Chinese government in advance of its decision to drop its currency's link to the dollar last week and raise its exchange rate.
PBOC chief says yuan move an 'initial' step
The governor of China's central bank speaking on Saturday 23 July, described last week's revaluation of the yuan as an initial step whose benefits outweighed the disadvantages.
People's Bank of China: Statement on exchange rate
The People's Bank of China released a statement on Thursday 21 July following the announcement that it is revaluing its currency and scraping the yuan's decade-old peg to the dollar in favour of a basket of currencies.
Japan welcomes China yuan decision
Japan welcomed China's decision on Thursday 21 July to end its currency's peg to the U.S. dollar and other Asian officials said they were closely watching developments.
Malaysia scraps ringgit peg to the dollar
Bank Negara Malaysia announced Thursday 21 July that it is scrapping the ringgit's seven-year old peg to the dollar and moving to a managed float against a basket of currencies with immediate effect.
China says no timetable for yuan move
The US administration has told key senators that it expects China to revalue the yuan in August before President Hu Jintao visits Washington in September, the Financial Times reported on Friday 15 July.
Bank Indonesia to boost rupiah
Bank Indonesia governor Burhanuddin Abdullah said on Tuesday 5 July that the central bank will lend state-owned oil company Pertamina money to fund oil imports as part of efforts to support the rupiah exchange rate.
Tanigaki says China to benefit from currency move
Japanese Finance Minister Sadakazu Tanigaki told reporters on Friday 10 June that his recommendation was that the Chinese government scrap the yuan's dollar peg system.
Central banks feel the pinch
A falling dollar and low yields on traditional assets have hit balance sheets hard. Central Banking reports.
Malaysia to maintain currency peg
Malaysia will maintain its seven-year-old currency peg to the US dollar and has no plans to impose measures to curb the flow of speculative funds into the economy, Deputy Prime Minister Najib Razak said on Thursday 19 May.
Tanigaki says yuan revaluation won't push up yen
A revaluation of China's currency wouldn't immediately strengthen the yen, Japan's Finance Minister Sadakazu Tanigaki said on Thursday 12 May.
MOF's Asakawa says Japan won't diversify reserves
According to Japanese Ministry of Finance official Masatsugu Asakawa, Japan doesn't plan to change the percentage of US dollars in its $838 billion official reserve assets, the world's largest.