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By Rhod Mackenzie

The share of the euro in global settlements through the SWIFT interbank system reached a historic low in March, accounting for 21.93% of the total, according to data analysed by RIA Novosti.
Over the course of the month, the euro lost 1.32 percentage points. In contrast, the dol...

By Rhod Mackenzie

Investors are demanding higher corporate bond spreads from German businesses than in the rest of the eurozone due to a stagnant economy, serious problems in the construction industry and the real estate market, as well as the highest level of distressed companies in Europe. This...

By Rhod Mackenzie

Russian electronics importers have stopped using dollars and euros for payments and are now using currencies such as yuan and dirhams from friendly countries, according to news reports. This has helped to avoid price increases for equipment and, in some cases, even reduce prices....

By Rhod Mackenzie

In December 2023, analysts are concluding their assessments of the past year. One clear outcome they all agree upon by the majority is the achievement of the Chinese currency.

The Financial Times reports that the yuan has demonstrated significant triumph in 2023. This is rather...

By Rhod Mackenzie

According to Liu Lin, the deputy head of the investment department of the People's Bank of China (PBOC), major issuers are trying to take advantage of the interest rate differential between China and the United States, and are therefore issuing and selling as many yuan bonds as p...

By Anna Koroleva

In July 2023, the share of the dollar in international settlements, according to the Swift system, rose to a record 46.5%. However, as experts note, the share of settlements going through Swift itself is noticeably decreasing, so that its statistics no longer reflect the entire tu...