Monetary hegemony Current Affairs, GK & News
US labels China a Currency Manipulator
The US has declared that China as a currency manipulator. The move could further fuel the ongoing trade war between the two countries. The US has alleged that China’s Central Bank is pushing for depreciation of Yuan as retaliation for new US tariffs. Why China is called Currency Manipulator? It has been alleged that People’s ..
Topics: Currency • Currency intervention • currency manipulator • Currency war • Economy • Exchange rate • Foreign exchange market • International macroeconomics • Monetary hegemony • Money • Trade wars • US-China Trade War • Yuan
United States designates China as currency manipulator
The United States has designated China a “currency manipulator”, following the devaluation of the Yuan. The move could escalate the tense trade relations between the two nations. The US action came after China allowed its yuan to weaken past the key seven-per-dollar level for the first time in more than a decade. This decision will ..
Topics: Balance of trade • Currency • currency manipulator • Devaluation • Economy • Foreign exchange market • International macroeconomics • Macroeconomics • Monetary hegemony • Money • National accounts
India signs $75 bn currency swap agreement with Japan
The Government of India (GoI) has recently signed $75 bn bilateral currency swap agreement with Japan to bring greater stability in foreign exchange and capital markets in the country. The currency swap pact would enable the two major Asian economies to swap their local currencies – either Indian rupee or the Japanese yen against the ..
Topics: Central bank • Currency • Currency swap • Economy • Finance • Great Recession • Internationalization of the renminbi • Monetary hegemony • Money • Stock market crashes • Swap
G-20 Cannes summit 2011
G-20 is a group of finance ministers and central bank governors from 20 economies which include 19 countries viz. South Africa, Canada, Mexico, United States, Argentina, Brazil, China, Japan, South Korea, India, Indonesia, Saudi Arabia, Russia, Turkey, France, Germany, Italy, United Kingdom, Australia plus the European Union. The EU is represented by the President of ..
Month: Current Affairs - December, 2011
Category: Summits and Conferences
Topics: Economy • G20 • G20 London summit • Group of Seven • Intergovernmental organizations • International finance • International finance institutions • International macroeconomics • International Monetary Fund • Monetary hegemony • World • World economy
Property transaction Norms for NRIs, eased by RBI
The Reserve Bank of India (RBI) recently allowed Indians who have non-resident accounts in India to hold them in any currency which is fully convertible. This decision by RBI is likely to assist NRIs/PIOs (Persons of Indian Origin) as it will give them more options in the holding of accounts, and diminish the peril from ..
Month: Current Affairs - December, 2011
Topics: Central bank • Currency • Economy • Economy of the European Union • Euro • Finance • Financial cryptography • Foreign exchange market • Japanese yen • Monetary hegemony • Money • Reserve Bank of India