Renminbi

The Treasury has announced it raised a total of 2 billion euros through a euro-denominated bond issue, bringing the total borrowing in international markets this year to $5.2 billion.

Earlier this week, the Treasury mandated Deutsche Bank, HSBC, JP Morgan and Societe Generale for the bond due 2030.

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic and People's Bank of China Governor Pan Gongsheng signed a memorandum of understanding on establishment of a clearing arrangement and the designation of a clearing bank in Serbia for the Chinese yuan.

BEIJING - Serbian President Aleksandar Vucic said in Beijing on Wednesday the National Bank of Serbia (NBS) was considering including the Chinese yuan in its FX reserves.

The largest Chinese state banks were busy this week selling US dollars for yuan, both in onshore and offshore foreign exchange markets, to slow down the depreciation of the yuan. While they also trade on their own behalf or to fulfill client orders, state banks often act on the central bank's instructions when the yuan is under pressure, as is the case currently.

The United States of America itself is to blame for the fact that many countries began to give up trade in US dollars, Alexei Mozhin, Russia's representative at the International Monetary Fund, told "RIA Novosti".

Russia has converted its dollar reserve into euros, Chinese yuan and gold

The Turkish Lira cheered Central Bank Governor Şahap Kavcıoğlu's announcement late on June 22 that the country was in talks to secure currency swap agreements with four countries and was close to a deal with two of them.

Kavcıoğlu's remarks came during a meeting with bank executives, according to media reports.

The Turkish Central Bank (CBRT) and People's Bank of China (PBOC) expanded their swap agreement, which was signed in May 2019, by 35.1 billion Turkish liras ($4.12 billion) and 23 billion Chinese yuan ($3.59 billion).

Turkey's top business organization has called for an easing of visa procedures by China, in order to boost bilateral economic and trade ties. 

The Turkish lira fell to a new record low on Nov. 16 together with the Chinese yuan, although emerging market stocks rose for a second day, helped by a continued pull back in U.S. Treasury bond yields.