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SWIFT sees Europe gaining in China yuan payments share SHANGHAI: Europe now represents 10 percent by value of global payments in China's currency, transactions organisation SWIFT said Tuesday, as more countries seek a greater share of yuan business through new clearing arrangements.Although China's special administrative region of Hong Kong is the dominant centre for offshore yuan trading, four European countries are in the top ten, said the Society for Worldwide Interbank Financial Telecommunication.They are Britain, France, Germany and Luxembourg, it said, all of which have reached agreements with China's central bank for yuan-clearing in their countries.Over the past year Britain's yuan payments have surged nearly 124 percent, France has jumped almost 44 percent, Germany has soared 116 percent and Luxembourg gained around 42 percent, the organisation said in a statement, although it gave no values.China is trying to make the yuan, also known as the renminbi (RMB), used more widely internationally in line with its standing as the world's ...

Euro under pressure after weak German data TOKYO: The euro was stuck around $1.32 in Asia Tuesday after falling to an 11-month low against the dollar on a weak batch of German data and hints the European Central Bank could unveil easing measures to fight off deflation.The common European currency was at $1.3201 in Tokyo afternoon trade compared with $1.3193 in New York on Monday afternoon. The unit at one point Tuesday tumbled to as low as $1.3178 -- its lowest since ...
Sri Lanka rupee edges down on importer demand COLOMBO: The Sri Lankan rupee traded weaker on Tuesday as importer dollar demand outpaced inward remittances and exporter dollar sales, dealers said.The dealers said they expect the local currency to remain steady for the rest of the year after positive comments by the central bank chief last week.Central bank Governor Ajith Nivard Cabraal said last week the banking regulator would intervene in the thinly-traded market whenever required to keep the rupee stable.At 0548 GMT, the ...
Euro under pressure after weak German data TOKYO: The euro was stuck below $1.32 in Asia Tuesday after falling to an 11-month low against the dollar in response to a weak batch of German data and hints that the European Central Bank could unveil easing measures to fight off deflation.The common European currency was at $1.3197 in Tokyo midday trade compared with $1.3193 in New York on Monday afternoon. The unit at one point Tuesday tumbled to as low as $1.3178 -- ...
Indian rupee ends lower after Yellen speech MUMBAI: The Indian rupee fell on Monday, retreating from a three-week high hit last week, as the dollar gained after U.S. Federal Reserve chief Janet Yellen was seen as more hawkish than her European counterpart at a central bankers' meeting.Most emerging Asian currencies eased on Monday after Yellen called for a "pragmatic" approach to U.S. monetary policy on Friday at a speech in Jackson Hole, Wyoming.Some caution also prevailed ahead of gross domestic product data ...
Sri Lanka rupee ends steady; seen stable in 2014 COLOMBO: The Sri Lankan rupee ended flat on Monday as mild importer dollar demand helped offset greenback sales from exporters and inward remittances, dealers said.The dealers said they expect the local currency to remain steady for the rest of the year after positive comments by the central bank chief last week.Central bank Governor Ajith Nivard Cabraal said last week the banking regulator would intervene in the thinly-traded market whenever required to keep the rupee stable.The ...
Rupiah leads Asia FX losses after Jackson Hole; yuan up SINGAPORE: Most emerging Asian currencies eased on Monday led by the Indonesian rupiah, after US Federal Reserve chief Janet Yellen was seen as more hawkish than her European counterpart at a central bankers' meeting last week which boosted the dollar.The Chinese yuan, however, rebounded as technical buying helped offset a weaker central bank guidance after the currency last week suffered the largest weekly loss in two months.The rupiah slid on month-end corporate dollar demand amid ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln