Trending now

China inflation hits 1% in March as PPI turns positive

UAE president hosts UK PM for regional security talks

Bahrain and UK review regional tensions and economic risks

Abdullah bin Zayed, Kaja Kallas review UAE-EU ties

Gold steadies as markets watch US-Iran talks

Nikkei falls as caution returns to Tokyo stocks

China forex reserves fall in March to $3.34 trillion

Japan current account surplus hits $24.8 billion in February

Datavault AI Inc. (NASDAQ: DVLT) Announces $750 Million in Tokenization Contracts Signed…

ADB unveils fund to speed ASEAN power grid plans

Iraq Bulletin

Tag : PBOC

Business

China forex reserves fall in March to $3.34 trillion

iraqbulletin.co
BEIJING: China’s foreign exchange reserves fell to $3.3421 trillion at the end of March, official data showed on April 7, as a stronger U.S. dollar and weaker prices for major global financial assets weighed on the value of the country’s reserve holdings. The March total was down $85.7 billion, or 2.5%, from the......
Business

China expands digital yuan network with 12 new banks

iraqbulletin.co
BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting the total number of approved operators to 22. The People’s Bank of China said the newly admitted institutions will connect to the central bank’s digital......
Business

China pledges tech support, trade balance and market reforms

iraqbulletin.co
BEIJING: China’s top economic and financial officials pledged expanded support for technology firms, a push toward more balanced trade and deeper capital market reforms during a news conference on the sidelines of the annual National People’s Congress. The briefing brought together leaders from the economic planning agency, the commerce ministry, the central bank......
Business

Chinese Yuan hits record lows against surging US dollar

iraqbulletin.co
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic currency hitting its weakest level since the 2008 global financial crisis. This depreciation comes as the dollar continues to rise against other major currencies due......