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.
While other countries in Asia-Pacific struggle with current account deficits and currency depreciation, the Philippines continues its solid run, with GDP growth outpacing that of China.
The Reserve Bank of India (RBI) has implemented several measures in an attempt to buoy the sinking rupee. CT fills in the news on the latest moves and provides an overview of the past few months.
Gross FX reserves for most Asian countries have stopped growing. CT asks the experts why this is happening and what are the market/policy implications?
The European debt crisis has deepened with Spain's borrowing costs surging and Greece unlikely to meet conditions of its aid package, which Asian currencies will be worst affected over the next year?