Tag: Central Banking

January 18, 2016 BY Mike Fox

PBoC raises the reserve ratio requirement on offshore yuan

Today we learned from multiple reports emanating from the People's Bank of China (PBoC) that the Chinese central bank is going to place a reserve requirement on offshore renminbi, still mostly traded through Hong Kong banks. The move could be aimed at discouraging speculators that continue to bet that the CNH - offshore yuan could go lower. This all…

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September 02, 2014 BY Mike Fox

Russia's currency has now hit all time lows

While the Ruble is breaching government mandated price controls; Russian Central Bank heads are still keen to proceed with plans to remove currency controls which analysts say in the long run with be net positive for the Russian economy

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