Renminbi

Renminbi and crypto pose no major threat to dollar’s global dominance

Tuesday 22 March 2022 – Vol.13 Ed.12.2

Commentary: Russia sanctions, the renminbi and the dollar’s future

By Mark Sobel in Washington

The dollar’s global dominance remains well entrenched. Yet every ripple in international finance engenders a tedious new round of chatter – will the dollar lose its dominant status? With the imposition of severe financial sanctions on Russia, rumblings that China will provide Russia a lifeline and rumours Saudi Arabia will denominate oil prices in renminbi, markets...

https://allaboutshipping.co.uk/2022/03/22/renminbi-and-crypto-pose-no-major-threat-to-dollars-global-dominance/

UK heading for recession, renminbi strength will not last

UK heading for recession, renminbi strength will not last

Tuesday 18 January 2022 – Vol.13 Ed.3.2

Commentary: Year of Hobson’s choice: UK recession is inevitable

By Brian Reading in London

For UK economic policy-makers, 2022 will be the year of Hobson’s choice. Out of apparently multiple possibilities of actions, only one is actually available. Boris Johnson’s luckless-looking government may run into a slogan Margaret Thatcher made popular 40 years ago – Tina: ‘There is no alternative’. The truth...

https://allaboutshipping.co.uk/2022/01/18/uk-heading-for-recession-renminbi-strength-will-not-last/

ECB should follow Fed’s transparency example, PBoC interventions in offshore renminbi necessary for now, and more

ECB should follow Fed’s transparency example, PBoC interventions in offshore renminbi necessary for now, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

1-5 November 2021, Vol.12 Ed.44

Most-Read Commentary

ECB should follow Fed’s transparency example: Twenty months into Covid-19, the European Central Bank is deliberating the end of the pandemic emergency purchase programme. David Marsh, chairman, OMFIF, spoke to Der Spiegel about how President Christine Lagarde...

https://allaboutshipping.co.uk/2021/11/06/ecb-should-follow-feds-transparency-example-pboc-interventions-in-offshore-renminbi-necessary-for-now-and-more/

Renminbi must depreciate following Evergrande fallout, Policing the virtual frontier, and more

Renminbi must depreciate following Evergrande fallout, Policing the virtual frontier, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

4-8 October 2021, Vol.12 Ed.40

Most-Read Commentary

Renminbi must depreciate following Evergrande fallout: The collapse of Lehman Brothers helped trigger the global financial crisis. Evergrande is not a Lehman moment. But the web around Evergrande and other developers is complex, with holders of property assets peppered across the...

https://allaboutshipping.co.uk/2021/10/09/renminbi-must-depreciate-following-evergrande-fallout-policing-the-virtual-frontier-and-more/

Evergrande saga raises questions over global stability

Evergrande saga raises questions over global stability

Thursday 7 October 2021 – Vol.12 Ed.40.4

Commentary: Renminbi must depreciate following Evergrande fallout

By Freya Beamish in London

The collapse of Lehman Brothers helped trigger the global financial crisis. Evergrande is not a Lehman moment. But the web around Evergrande and other developers is complex, with holders of property assets peppered across the economy. Preventing distress from spreading will be difficult and decisive early action...

https://allaboutshipping.co.uk/2021/10/07/evergrande-saga-raises-questions-over-global-stability/

Central banks will accelerate rise of the renminbi, OMFIF report reveals

Central banks will accelerate rise of the renminbi, OMFIF report reveals

Download your complimentary copy of Global Public Investor 2021

OMFIF’s eighth annual Global Public Investor finds the renminbi is on course to become a much more influential part of the global financial system as central banks add the Chinese currency to their reserve assets. The impact of Covid-19 and low interest rate environment has prompted a fundamental shift in asset and currency allocation plans of many of the...

https://allaboutshipping.co.uk/2021/08/23/central-banks-will-accelerate-rise-of-the-renminbi-omfif-report-reveals/

Renminbi attracting international attention as its rise resumes

Renminbi attracting international attention as its rise resumes

Monday 16 August 2021 – Vol.12 Ed.33.1

Commentary: Renminbi internationalisation getting back on track

By Herbert Poenisch in Hangzhou

The issue of whether the internationalisation of the renminbi is a good idea is being discussed both in China and the rest of the world. Domestically, opinions are divided between hotheads, who want to see the renminbi replace the dollar as soon as possible, and realists, whose views are similar to...

https://allaboutshipping.co.uk/2021/08/16/renminbi-attracting-international-attention-as-its-rise-resumes/

Renminbi’s rise, 50 years after the dollar-gold shock, IMF shifts approach to low income countries and special drawing rights, and more

Renminbi’s rise, 50 years after the dollar-gold shock, IMF shifts approach to low income countries and special drawing rights, and more

THE WEEKEND REVIEW  – OMFIF

Latest opinion and analysis from OMFIF around the world

9-13 August 2021, Vol.12 Ed.32

Most-Read Commentary

Renminbi’s rise, 50 years after the dollar-gold shock: President Richard Nixon, in his TV address on 15 August 1971, announced unilaterally that America was reneging on the gold-dollar link. The consequences remain with us today....

https://allaboutshipping.co.uk/2021/08/14/renminbis-rise-50-years-after-the-dollar-gold-shock-imf-shifts-approach-to-low-income-countries-and-special-drawing-rights-and-more/

How the Nixon shock set broad path for renminbi rise 50 years ago

How the Nixon shock set broad path for renminbi rise 50 years ago

Mao Zedong and Richard Nixon

Thursday 12 August 2021 – Vol.12 Ed.32.4

Commentary: Renminbi’s rise, 50 years after the dollar-gold shock

By Meghnad Desai and David Marsh

President Richard Nixon, in his TV address on 15 August 1971, announced unilaterally that America was reneging on the gold-dollar link. The consequences remain with us today. Nixon gave countries their monetary sovereignty. It was up to them how to use it – with...

https://allaboutshipping.co.uk/2021/08/12/how-the-nixon-shock-set-broad-path-for-renminbi-rise-50-years-ago/

Inflation concerns in Asia, CBDC programmable payments, and more

Inflation concerns in Asia, CBDC programmable payments, and more

THE WEEKEND REVIEW  – OMFIF

Latest opinion and analysis from OMFIF around the world
26-30 July 2021, Vol.12 Ed.30

Most-Read Commentary

Inflation concerns take back seat in Asia: With a few exceptions, economies in Asia are facing slow vaccination progress, modest fiscal support and steep contractions to the travel and tourism sectors. The challenges faced by policy-makers in the region include capital flow management and faltering...

https://allaboutshipping.co.uk/2021/07/31/inflation-concerns-in-asia-cbdc-programmable-payments-and-more/

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