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.
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?