Yuan may be reserve currency by 2020
In the latest advertisement of China’s currency ambitions, an official suggested on Wednesday that the yuan could make up more than 3 percent of global foreign exchange reserves by 2020.
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In the latest advertisement of China’s currency ambitions, an official suggested on Wednesday that the yuan could make up more than 3 percent of global foreign exchange reserves by 2020.
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The National Bureau of Economic Research (NBER) establishes when recessions begin and end. While they drag their feet to tell you we have entered a recession, they usually are quick to point out when we’re about to exit one.
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India’s trading volume in currency futures is expected to cross the $1-billion (Rs 4,800 crore) mark in the current year, a top industry official said.
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“Currency derivatives are efficient markets which not only treats the retail and bulk participants equally, but also helps the buyers to buy the contract at the same price that the sellers are selling at and vice versa“, as reviewed by V. Shunmugam, Chief Economist at MCX.
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