Monday, 18 October 2021

Tag Archives: Chinese currency

Trump says China’s currency move is ‘a major violation’

WASHINGTON: US President Donald Trump slammed China’s currency move as Beijing let the yuan breach the key seven-per-dollar level for the first time in more than a decade, calling it “a major violation.” “China dropped the price of their currency to an almost a historic low. It’s called ‘currency manipulation.’ ...

Read More »

Pakistan to launch Panda Bond in Chinese Yuan

ISLAMABAD: For the first time in the country’s history, Pakistan on Thursday approved launching of Panda Bond in Chinese-denominated Yuan currency with possible transaction size equivalent to $500 million in two different tranches in order to finance its yawning trade deficit with Beijing. $300 million for Pakistan’s struggling economy. Pakistan’s ...

Read More »