Tuesday, 19 October 2021

Tag Archives: Chinese yuan

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 ...

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Dollar weakens as China’s yuan stabilizes

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

NEW YORK: The US dollar weakened against the euro as the Chinese yuan showed more stability, after the greenback reached an almost five-week high against the single currency on Monday. The yuan has strengthened to 6.8284 from 6.9122 on Friday, when China’s central bank raised the cost of shorting the ...

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Pakistan allows yuan-based trade with China

KARACHI: Pakistan’s central bank has allowed the Chinese yuan to be used for bilateral trade and investment activities, a move which could replace the US dollar for transactions in the strategic CPEC projects. The State Bank of Pakistan (SBP) said on Monday that all arrangements for using the Chinese currency ...

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