Chinese renminbi (RMB)
Bank of Korea to invest in renminbi in 2012
Head of reserve management Heung Sik Choo confirms Bank of Korea will make first investments in Chinese renminbi this year
Prasarn confirms Thai participation in Chinese markets
Bank of Thailand governor hails economic links between China and Thailand as central bank opens first Chinese office
China raises QFII quota by $50bn to $80bn
Chinese authorities more than double the investment quota available to approved foreign institutional investors wanting to invest directly into China’s restricted financial markets
IMF research finds exchange rate variations affect exports
International Monetary Fund study of renminbi fluctuations finds that variance in exchange rate impacts on exports of neighbouring developing economies
China and Australia sign A$30bn currency swap
Australia joins the ranks of central banks with a bilateral currency swap line with China; reflects increased use of renminbi and closer trading ties between the countries
HKMA bulletin reveals liquidity pressures
Funding costs for banks rise amid tougher international climate as renminbi debt market expands, says HKMA Quarterly Bulletin and Half Year Financial Stability Report
China and Mongolia double currency swap arrangement
Chinese and Mongolian central banks agree supplementary currency swap arrangement that doubles the amount of currency at stake under the deal
US must get tough on China to fix imbalances, says Aliber
The US can reduce its government deficit and unemployment rate if it addresses the ‘predatory’ trading and currency policies of China and other Asian countries, says leading economist Robert Aliber
China expands yuan cross-border settlement option to all exporters
People’s Bank of China permits all companies qualified for foreign trade activities to conduct international settlements in yuan, reports official Xinhua news agency
Turkey agrees currency swap with China
Central Bank of the Republic of Turkey and People's Bank of China agree currency swap
HKMA’s Chan says fiscal cuts are essential for Europe
Hong Kong Monetary Authority chief executive Norman Chan says Europe must make deep fiscal cuts to regain market confidence. Talks about macro-prudential regulation, the Hong Kong dollar peg and the internationalisation of the renminbi
HKMA head Norman Chan on bank regulation and the renminbi
Chief executive tells Christopher Jeffery that central bankers need to be proactive in dealing with asset bubbles. He also explains Hong Kong’s role in the renminbi's internationalisation
African central bankers embrace a new world order
Africa’s central bankers are adopting new approaches to managing their reserves as trade with Brics rises and the influence of developed nations wanes
Malaysia and China extend currency swap arrangement
People's Bank of China and Bank Negara Malaysia renew and expand currency swap arrangement, designed to facilitate greater bilateral trade and investment
Renminbi restrictions pose obstacle to internationalisation of currency, says BoJ’s Nishimura
Bank of Japan deputy governor Kiyohiko Nishimura says renminbi internationalisation is ‘implausible’ without significant capital-flow deregulation
Financial conditions ripe to relax renminbi rules, says HKMA’s Chan
Hong Kong Monetary Authority chief executive Norman Chan says continued growth of Hong Kong's offshore renminbi market has paved the way for more relaxed regulatory requirements
CentralBanking.com review of 2011
Round-up of 10 of the leading news stories in 2011
Renminbi to be reserve currency in less than five years: CB.com poll
A poll of CentralBanking.com readers finds most believe the Chinese currency will account for more than 5% of global reserves in less than five years
CB.com panel discusses changes in reserve management functions
CentralBanking.com poses the question: What do central banks want from reserves and reserve managers? Panellists discuss how the financial crisis has altered the role of reserve managers
China and Hong Kong double currency swap agreement
Hong Kong and China double currency swap arrangement; Hong Kong pushes to remain number one offshore renminbi business centre while China proceeds with internationalisation of renminbi
Sanusi reveals ‘strategic’ decision to hold renminbi reserves
Governor of the Central Bank of Nigeria explains why he made the decision to convert some of the country’s reserves into renminbi; says Nigeria left it “too late” to buy gold
IMF evaluates reform options for SDR basket eligibility criteria
Executive directors meet to discuss staff paper on criteria for broadening the SDR currency basket; “freely usable” criterion set to stay
Hong Kong: where next?
Can the symbiotic relationship between Hong Kong and the renminbi continue? Chen Chao looks at the potential for growth – and competition.
Beijing’s second thought
Hui Feng examines the political calculus behind increasing international flows of China’s currency.