Chea Serey, director general of the National Bank of Cambodia, told an Oct. 28 news conference that she hopes the Bakong system will promote cashless transactions.
Cryptocurrencies

Cambodia debuts digital currency as emerging countries lead charge

Central banks of smaller economies aim to boost their paper currencies

29 October 2020
The Chinese yuan has appreciated by about 7% since May. (Photo by Yusuke Hinata)
Currencies

China pumps brakes on yuan's surge with loosened controls

Banks drop key counter-cyclical factor in guiding currency

29 October 2020
A woman tries to pay with digital yuan at a Walmart in Shenzhen. Nearly 50,000 people took part in a trial for the currency in mid-October.
Currencies

China accelerates push for digital yuan following Shenzhen trial

Beijing plans new features and legal change toward launch by 2022 Olympics

26 October 2020
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes.
Cryptocurrencies

China moves to make digital yuan legal tender

Beijing looks to cement trailblazer status in virtual currencies

24 October 2020
OKEx ranks 11th among cryptocurrency exchanges by trading volume, according to CoinMarketCap.
Caixin

China's OKEx suspends cryptocurrency withdrawals

Absence of Xu Mingxing prevents transactions, but assets' security 'not affected'

19 October 2020
Buying food in Shanghai: Many Chinese are already accustomed to paying by smartphone. Now, the government has turned to ordinary shoppers to test a digital currency.
Currencies

China starts digital yuan trial by giving $30 to 50,000 people

Beijing jumps to real-world test as G-7 nations raise questions on transparency

15 October 2020
Goldman Sachs forecasts the Chinese currency to appreciate as far as 6.50 per dollar over the next 12 months.
Currencies

Yuan soars as investors turn bullish on China's economic rebound

Chinese central bank steps in to curb the rapid ascent

13 October 2020
Central banks face the challenge of issuing digital currencies without undermining policy tools like interest rates. (Nikkei montage)
Currencies

BOJ to start trials on digital yen next year as China moves ahead

G-7 central banks play catch-up to Beijing's planned virtual currency

10 October 2020
China snapped up 723.9 billion yen in Japanese government bonds during July, its biggest monthly total since January 2017.
Economy

China triples Japan government bond purchases

Move would allow Beijing to earn higher yields and tame appreciating yuan

6 October 2020
Shoppers at an outdoor vegetable and fruit market in Ahmedabad on Sept. 7: India's consumer price index for vegetables jumped 11% in August. 
Economy

Rising food prices take rate cuts off table for emerging economies

Pandemic induces inflation even as India, Turkey and Brazil battle downturn

5 October 2020
Trump's most impactful legacy may be trashing that dollar in ways that set up Xi's currency to fill the void.
Opinion

Why China's rising currency will shred Trump's legacy

US president's policies have played into Xi Jinping's hands at every turn

24 September 2020
The US Department of Justice announced the seizure of the cryptocurrency accounts of Al-Qaeda and the Islamic State of Iraq and the Levant (ISIS) on Aug. 13.
Datawatch

Tether cryptocurrency emerges as money laundering fears rise

International financial task force calls for more regulation and transparency

13 September 2020
While status-seeking Indian and Chinese jewelry buyers lose their appetite for gold, investors are gaining a fondness for the metal. (Source photos from Reuters)
Datawatch

Gold's surge tests plunging dollar's credibility

Fed plays crucial role amid massive government spending and currency printing

10 August 2020
China and Russia have roughly halved their use of the dollar in trade settlements over the past five years. (Source photo by AP)
International relations

China and Russia ditch dollar in move toward 'financial alliance'

Greenback's share of neighbors' trade falls below 50% for first time

6 August 2020
Posterity may remember Trump doing even more to raise China's clout.
Opinion

Trump's TikTok fiasco shakes dollar, boosting Xi's grand yuan plan

Dollar's slide suggests years of Trumpian caprice are finally taking a toll

6 August 2020
Hong Kong's intrinsic feature of bridging two systems served it well, but this is no longer the case.
Opinion

China's yuan policy has made Hong Kong redundant

Greater global acceptance of currency means mainland centers like Shanghai can step up

7 July 2020
The Turkish lira lost around 10% of its value against the dollar since January. (Nikkei montage/Reuters)
Datawatch

Coronavirus triggers dollar drain in big emerging markets

Plunging foreign reserves in Turkey, Indonesia threaten global crisis

28 June 2020
A bank employee stacks yuan banknotes in Nantong. China will start requiring banks to keep detailed records of large cash withdrawals.
Currencies

China watches big cash transactions to stem capital flight

New rules and digital yuan give Beijing a complete view of monetary activities

27 June 2020
SoftBank Group CEO Masayoshi Son: The Japanese tech group may be on the verge of unwinding a massive U.S. investment. 
Currencies

SoftBank risks triggering yen rally with T-Mobile share sale

Coronavirus-induced retreat of Japan's foreign investments adds pressure on currency

18 June 2020
At a meeting of the Chinese People's Political Consultative Conference in Beijing in May, members proposed a plan to create an East Asia digital currency based on a basket of Asian currencies.
Comment

China takes battle for cryptocurrency hegemony to new stage

Beijing backs private-sector-led East Asia digital money in challenge to US

14 June 2020
A for-sale sign stands in front of a home in Vancouver, British Columbia, Canada. Interest in overseas real estate is rising among wealthy Chinese.
Currencies

China's rich seek ways to move cash abroad before yuan weakens

Black-market dealers and Irish homes offer escape hatch

14 June 2020
Trump might see the fallout from additional levies on Chinese goods as an acceptable price for better poll numbers at home.
Opinion

If Trump attacks China's currency, all Asia will suffer

US president can seize on yuan's low level to redouble trade war

11 June 2020
Japan's banks have relied heavily on dollar injections provided via the central bank throughout the coronavirus outbreak. (Photo by Tsuyoshi Tamehiro)
Currencies

Japanese banks gobble up half of Fed dollar funding

BOJ holds far more currency swaps than ECB, or Bank of England

10 June 2020
Hong Kong has enjoyed its status as an Asian regional economic hub for decades, but this appears to be changing.
Datawatch

Hong Kong turmoil threatens to disrupt $4tn investment flow

China's grip over the city risk status as region's financial hub

7 June 2020
An ice rink for the 2022 Winter Olympics in Beijing. (Photo courtesy of the International Olympic Committee)
Cryptocurrencies

China aims to launch digital yuan by 2022 Winter Olympics

Opening seen for Alipay and WeChat Pay rival as virus further dims cash's shine

27 May 2020