RBI launches currency swap for SAARC countries
The Reserve Bank of India (RBI) introduced a new currency swap window for SAARC countries worth Rs25,000 crore. The currency...
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Argentina renews US$5 billion currency swap with China
Argentina’s Central Bank renewed a US$5 billion tranche of the currency swap it has with its Chinese counterpart, US$3 billion...
Zimbabwe’s new currency suffers chaotic start
Zimbabwe's Reserve Bank has launched the ZiG (Zimbabwe Gold) currency in a bid to tackle a skyrocketing inflation (Jekesai NJIKIZANA)Zimbabwe's...
China Yuan’s Share of Payments Hits Record As USD’s Dips
The Chinese yuan was the fourth most used currency in global payments, SWIFT data showed. It's share reached 4.61%, a...
China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push
AlexSava/Getty ImagesChina and Saudi Arabia signed a currency swap agreement worth around $7 billion.It's yet another push towards dedollarization as...
