Foreign Exchange
Indonesia to oblige forex savings in local banks
Bank Indonesia will issue a regulation obliging the savings of foreign exchange from exports and foreign loans in doemstic banks, according to Jakart...
Indonesia to oblige forex savings in local banks
Bank Indonesia will issue a regulation obliging the savings of foreign exchange from exports and foreign loans in doemstic banks, according to Jakart...
HK Monetary Authority rejects pegging HKD to CNY
HKMA head said the HK dollar would lose its advantages if it is pegged to the Mainland’s currency.
Bangkok Bank boosts Thai-China trade with new CNY services
Bangkok Bank launched a range of China Yuan transaction services to help serve the expansion of trade and investment between Thailand and China.
South Korea to check foreign currency liquidity of banks
South Korea will conduct daily checks on local banks' foreign currency levels to stave off a liquidity crunch amid rising market volatility.
CIMB expects Matta tie-up to boost currency business up to 45%
CIMB Bank expects a 40-45 % growth in turnover from its currency exchange business this year after a tie-up with the Malaysian Association of Tour...
China bars local companies from direct overseas CNY borrowing
Seeking funding overseas has lower costs compared with local loan rates but seen affect the domestic renminbi loan market.
China, Kazakhstan to open special accounts on currency swap
The central banks of Kazakhstan and China have agreed to open special accounts under an agreement on yuan/tenge swap.
Vietnam to get tough on banks' foreign currency violations
Banks in Vietnam will face a fine of up to VND100 million if they buy or sell foreign currencies at unofficial rates or impose illegal transaction...
Sai Gon Bank pays 0.3% higher for dollars
Sai Gon commercial Bank launched a preferential program to purchase dollars at 0.1-0.3% higher than listed prices.
HSBC Indonesia sees increased renminbi utilization
A senior official at Indonesian branch of HSBC said on Thursday that Chinese currency Renminbi would be one of three primary currencies, besides US...
Sri Lanka banks can now transact with renminbi
Sri Lanka's Monetary Board will include the China's yuan among designated currencies permitted for international transactions through banks in Sri...
Tin Nghia Bank ready to offer forex services
Tin Nghia Bank has been allowed by the State Bank of Vietnam to provide foreign exchange services.
PBoC governor: China needs to reduce FX reserves
PBoC governor Zhou Xiaochuan said China’s FX exceeded US$3tn at end March, way above necessary levels.
KEB offers wide range of services for expatriates
The lender boasts of its Easy-one Foreign Exchange Transaction Service that aims to eliminate as many banking inconveniences.
Russian bank considers yuan-denominated bond issuance in Hong Kong
A Russian bank is considering its first issuance of yuan-denominated bonds in Hong Kong.
ICBC conducts RMB option trading with BOC
ICBC carried out numerous RMB-foreign currency option trading with Bank of China on the inter-bank foreign exchange market.
CIMB optimistic currency exchange unit to grow to $496mn
Month-on-month transaction growth of 11% has been achieved by the bank since it introduced foreign currency dispenser machines.
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