Official Monetary News Today

China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains,...

CHINA, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, industry players said at a conference this week.

ORLANDO, Florida -After two decades of the dollars share of global foreign exchange reserves gradually eroding to less than 60%, economic, financial and geopolitical... -June 06, 2024 at 07:29 pm EDT - MarketScreener

IN A world grappling with multiple crises, the imperative to achieve gender equality has become even more pronounced. Public institutions, including central banks, should be at the forefront of this effort, but they often fail to rise to the occasion.

More global reserve managers plan to increase exposure to the now high-yielding U.S. dollar as their interest in Chinas yuan has soured due to low returns and geopolitical tensions, the Official... -June 03, 2024 at 07:20 pm EDT - MarketScreener

In a recent global survey of 1,660 enterprises, many respondents said their trading partners were unwilling to use the Chinese yuan.

Concerns about an Asian currency war and what it would mean for the world economy have been underpinned by a strong US dollar. Some economies may choose to intervene in currency markets, but the big question is whether China will devalue the yuan or proceed with caution

Consensus 2024, organized by CoinDesk, will take place in Austin, Texas from May 29-31.

Despite some progress within central banks, OMFIF says there are many signs of ‘backsliding’ elsewhere

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