Tag: sdr

* Sebi questions India's centralised KYC system * China plans to push global renminbi use * World Bank to kick off China's SDR bond market

To turn corporate bad loans into performing assets, the Reserve Bank of India has nudged its debt restructuring rules to grant lenders an easier way out of defaulting companies.

Myanmar’s central bank aims to reduce dependency on the dollar * RMB will be an official reserve currency * India’s external borrowing structure under revision * and more…

Following IMF’s decision to include renminbi in its currency basket, CT compiles excerpts from latest analyst reports underlining its implications for treasurers.

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.

Following the move by the People’s Bank of China to devalue the renminbi, CT compiles excerpts from analyst reports to assess what it means for Asia’s treasurers.

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.

China’s plan to increase the trading band in the renminbi bring more volatility to trading the currency, but also more opportunities to gain better prices.

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?