Bundesbank to include renminbi in currency reserves

Alice Woodhouse, Emma Dunkley January 15, 2018 Germany’s central bank said on Monday it will include the renminbi in its currency reserves, giving the Chinese currency’s international stature a boost after 2017 saw its role in global payments diminished. Bundesbank board member Andreas Dombret made comments confirming plans for the currency’s inclusion at the Asian Financial Forum in Hong Kong on Monday. The European Central Bank already holds renminbi as a reserve currency and the International Monetary Fund has approved…

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Cause Coin Creates a New Global Currency and Sustainable Economy for Nonprofit Engagement – Press Releases on

CLEVELAND, Jan. 12 /CSRwire/ – Created to support a massive global marketplace for Nonprofits, this ecological token will empower the masses to do good and be rewarded for their participation.  It is intended as a social support and tangible engagement asset, as it is the first and only currency of its kind. Passion driven organizations, such as nonprofits, require the hands of people helping people to reach social goals beyond monetary contributions.   “Cause Coin  is not about donations, as…

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Semiannual Report on Currency and Monetary Control (Summary)

Money market rates were at low levels on the whole. Turning to developments in the bond market, the long-term interest rate was stable at the target level of around zero percent under ‘Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control.’ The Nikkei 225 Stock Average rose, mainly on the back of favorable corporate earnings, amid a rise in stock prices in the United States and Europe, and was in the range of 20,000-20,500 yen at end-September. In the…

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MfD: Finance Ministry to fight unfair currency exchange

ČTK | 22 November 2017 Prague, Nov 21 (CTK) – The Czech Finance Ministry is to propose an amendment allowing for the cancellation of currency exchanges which clients find inconvenient, Mlada fronta Dnes (MfD) daily wrote on Tuesday, citing the ministry’s spokesman Jakub Vintrlik. The ministry obviously intends to introduce the amendment with respect to inattentive clients, rather than due to dishonest currency exchangers, MfD writes. “The experience is such that clients do not follow currency tables and pre-contractual information…

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Saudi gets top currency credit ratings, stable outlook

S&P Global Ratings has affirmed its ‘A-/A-2’ unsolicited long- and short-term foreign and local currency sovereign credit ratings on Saudi Arabia with a stable outlook.   The ratings are based on expectation that the Saudi authorities will take steps to consolidate public finances and maintain government liquid assets close to 100 per cent of GDP over the next two years, said the statement from the top ratings agency.   The S&P ratings are supported by the kingdom’s strong external and…

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