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Tag : yuan

Business

China foreign exchange reserves decline in June

manamalive.com
by manamalive.com067
China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings. The State Administration of Foreign Exchange said...
Russia ramps up daily gold buying by 700% starting September 6
Business

Russia ramps up daily gold buying by 700% starting September 6

manamalive.com
by manamalive.com0341
MENA Newswire News Desk: Russia has escalated its daily gold purchases by 700%, the country’s Finance Ministry revealed on Wednesday. From September 6 to October 4, Russia will allocate 8.2 billion rubles ($92 million) each...
Chinese Yuan hits record lows against surging US dollar
Business

Chinese Yuan hits record lows against surging US dollar

manamalive.com
by manamalive.com0550
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic currency hitting its weakest level since the 2008 global financial...