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Tag: imf

The renminbi's long road to global recognition

The renminbi's long road to global recognition

The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
Apr 6, 2016
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Banks bet on RMB inclusion in IMF’s SDR

Banks bet on RMB inclusion in IMF’s SDR

The IMF could announce this week whether it wants to add renminbi to the special drawing rights basket of currencies. Some banks are betting that China has done enough.
Nov 2, 2015
PBoC goes silent on expanding RMB trading band

PBoC goes silent on expanding RMB trading band

China’s central bank has not given any indication it will widen the renminbi trading band, as the cabinet instructed last week, which has disappointed market participants.
Aug 11, 2015
RMB: A living, breathing asset

RMB: A living, breathing asset

China only embarked on the internationalisation of the renminbi as recently as 2009, aiming to match the currency’s status with its position as the world’s second largest economy. The pace of developments since then has been dramatic, with capital account freedoms and other reforms propelling the currency to almost SDR status. But what does this mean for treasurers?
Aug 1, 2015
 5th Annual Corporate Treasury & CFO Summit Indonesia

5th Annual Corporate Treasury & CFO Summit Indonesia

Over 250 of the top corporate treasurers, finance teams, transaction bankers, and CFOs in Indonesia met for the 5th Annual Corporate Treasury & CFO Summit Indonesia, on January 27, in the Grand Hyatt in Jakarta.
Feb 3, 2015
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