Analysts have named the next global reserve of the currency

News

Analysts have named the next global reserve of the currency

08.09.2020 News

Chinese yuan in the next ten years could become the third global reserve currency after the dollar and euro. Such conclusion was reached by analysts of Morgan Stanley, writes CNBC.

The growth of investment in the Chinese economy is called to be the reason for the increase in demand for the yuan. Currently, it accounts for only 2 percent of global foreign exchange of the reserves. However, by 2030, the share of the yuan could rise to 5-10 percent and outflank the Japanese yen and the British pound sterling.

In recent years, the world’s central banks have increasingly begun to include the yuan in their reserves. Therefore, if in 2018 the Chinese currency was in the accounts of 60 percent of global regulators, in 2019 their number increased to 70 percent.

Analysts expect that by the end of 2021, the exchange rate of Chinese currency to the US will strengthen and reach 6.6 yuan per dollar. On Friday, September 4, the Chinese currency was at 6.85 yuan per dollar.

Other articles

  • Financial Times reported fall of a dollar to 20%
    News

    Financial Times reported fall of a dollar to 20%

    With the appearance of an effective vaccine against coronavirus and the subsequent recovery of the world economy, the US dollar may fall by 20%. This was reported by the Financial Times. It is noted that banks, which already had negative forecasts for the dollar next year, deteriorated expectations against the background of the emergence of […]

  • Airbnb intends to raise $ 1 billion from the initial public offering
    News

    Airbnb intends to raise $ 1 billion from the initial public offering

    The American company Airbnb, which is the operator of the rental service of the same name, expects to raise $ 1 billion through an initial public offering (IPO). This is stated in a statement posted on Monday on the website of the Federal Securities and Exchange Commission. The company clarifies that its plans are “preliminary […]

  • Saudi Aramco is preparing to place up to five tranches of dollar Eurobonds
    News

    Saudi Aramco is preparing to place up to five tranches of dollar Eurobonds

    The state corporation Saudi Aramco is preparing to place dollar Eurobonds, a source in banking circles said. According to him, the company is considering the possibility of placing up to five tranches of Eurobonds: with a maturity of three years, five years, ten years, as well as thirty and / or fifty years. Starting on […]

  • Fintech’s subsidiary Alibaba has aimed for the largest IPO in history
    News

    Fintech’s subsidiary Alibaba has aimed for the largest IPO in history

    A subsidiary of Alibaba Group – Ant Group – plans to attract $ 35 billion in the course on the Shanghai and the Hong Kong exchange. This was reported by Bloomberg. The IPO could be the largest in history, the agency emphasizes. The previous record holder, Saudi oil company Aramco, raised $ 29.4 billion. The […]

  • S&P 500 and Nasdaq have updated records on a background due to hopes for treatment with COVID-19
    News

    S&P 500 and Nasdaq have updated records on a background due to hopes for treatment with COVID-19

    The US stock market came out in the plus on Monday, сontinuing to rise in the previous two sessions, while the S & P 500 and Nasdaq updated a high record due to the investor`s optimism about the prospects of treatment of coronavirus infection COVID-19. The news that the US Food and Drug Administration (FDA) […]

  • Elon Musk Lost $44 Billion in a Few Hours
    News

    Elon Musk Lost $44 Billion in a Few Hours

    At the close of trading on the New York Stock Exchange on Monday, July 13, Tesla Inc. stock price fell to $1497 per share from a record $1794 recorded in the first hours after the trading opened. Consequently, the company’s capitalization in just a few hours fell from $321 billion to $277 billion. Tesla’s previous […]

Read also

Analysts have named the next global reserve of the currency
News

Ukrzaliznytsia reconsidered the cooperation with the Deutsche Bahn

The current management of the state company Ukrzaliznytsia does not intend to implement the initiative of the previous management to involve representatives of the German company Deutsche Bahn in the management of the Ukrainian railways. This was stated by the head of the board of the UZ Volodymyr Zhmak in the interview with the edition […]

Next
Analysts have named the next global reserve of the currency
News

One of the ex- Goldman Sachs employees stole private information from the bank’s e-mail

On Wednesday, the 24th of November, 2015 The Securities and Exchange Commission told that the information was stolen for illegal insider trading profits. Promising young man whose name is Yue Khan (also he calls himself John Khan), came to work to one of the largest investment banks in the world in late 2014. His task […]

Next
Analysts have named the next global reserve of the currency
News

In Japan reported about cyberattacks on the vaccine developers

Since April of this year, Japanese companies and organizations involved in the development of the vaccines that protect against coronavirus infection, periodically experience cyber-attacks. This was announced on Monday, October 19, by Kyodo news agency, with the reference to the experts of the American company CrowdStrike, engaged in the cybersecurity. According to experts of the […]

Next
Analysts have named the next global reserve of the currency
News

McDonald’s will start selling alternative meat

McDonald’s will start producing vegan chops for burgers next year. This was reported by CNBC with reference to the company’s president Jan Borden. According to him, McDonald’s will independently produce vegan chops for its burgers. While we are talking about beef substitutes, but in the future in the restaurants may appear vegan “chicken”. “Vegetarian chops […]

Next
Analysts have named the next global reserve of the currency
News

Lactalis representatives were included in the Parmalat shareholders

Lactalis dairy products manufacturer has signed an agreement with the Italian company Parmalat – one of the main competitors of the French group in Europe. According to official information, it is about the acquisition of more than 12.2% of the shares of Parmalat: the value of one security is 2.8 dollars per piece. It should […]

Next
Analysts have named the next global reserve of the currency
News

Oschadbank won the case in the Deposit Guarantee Fund

The state financial institution Oschadbank won the Court in the Individuals Deposit Guarantee Fund (IDGF), and obtained the right not to return 2 billion UAH, that was  received from the Delta Bank. This was stated by FinClub. “The essence of the conflict is to try to return to the Delta assets that Oschadbank received from […]

Next
Analysts have named the next global reserve of the currency
News

There will not be enough vaccines for all EU citizens in 2021

Next year, only a small proportion of people in the European Union will be able to get the coronavirus vaccine. Officials in European countries have not yet decided on the vaccination of citizens. This was announced by Reuters on Tuesday, October 27. “By the end of 2021, there will not be enough doses of the […]

Next
Analysts have named the next global reserve of the currency
News

HarvEast invests 3 million UAH in the implementation of social projects

HarvEast Agro, together with the heads of the state district administrations and district councils in the territories of the company will determine the presence of social finance projects for 2016. The parties have agreed this on this year’s first collective meeting, which took place in Mangushevskyi, Volodarskyi and Volnovakhskyi districts, Donetsk region. In the near […]

Next
Analysts have named the next global reserve of the currency
News

Philip Morris lost a case to the Australian Government

Large  tobacco company  Philip Morris couldn’t prove that the new Australian legislation, which involves standardized packs for all manufacturers of cigarettes, violates the intellectual property rights of the brand. The company  filed a lawsuit against the Government of Australia to the arbitration court in Singapore, that refused to consider the case on the grounds that […]

Next
Analysts have named the next global reserve of the currency
News

The value of bitcoin has approached $ 20 thousand

Last week, the value of cryptocurrency fell sharply, but now it is approaching a historic high again. According to Coin Desk, after a sharp drop last week, the value of bitcoin broke the record and reached $ 19,686. Thus, the cryptocurrency exceeded the value recorded on December 16, 2017 by $ 20,665. But the absolute […]

Next
Analysts have named the next global reserve of the currency
News

The AMCU fined a Hungarian buyer of Ukrainian companies

At a meeting on Thursday, April 8, the Antimonopoly Committee of Ukraine fined the Hungarian company Üttema Kereskedelmi Korlátolt Felelősségű Társaság UAH 65 million for acquiring two Ukrainian companies – Kyivshlyakhbud LLC and Rostdorstroy LLC without obtaining concentration permits. This was reported by the press service of the AMC. According to the Committee, in October […]

Next
Analysts have named the next global reserve of the currency
News

“Rosinka” urged the bankrupt

The Economic court of Vinnytsia region decided to recognise the Rosinka Kiev plant of the Dewdrop soft drinks entity as the bankrupt. The information on preliminary judicial review had been posted on the Court solutions register website with links to the corresponding court orders. The majority of them is a credits payment liability. There is […]

Next
Analysts have named the next global reserve of the currency
News

China will not sell TikTok to Americans

Beijing believes that the terms of the agreement of selling the US division of TikTok to Oracle and Walmart threaten China’s national security. According to Reuters, referring to the Chinese the Global Times, Beijing will not accept such conditions. At the same time, there has been no official government statement on the issue yet. The […]

Next
Analysts have named the next global reserve of the currency
News

PrivatBank’s profit in 2020 fell by seven billion

PrivatBank’s profit for 2020 amounted to UAH 25.3 billion, which is UAH 7.3 billion less than a year earlier. The bank’s press service announced preliminary results of last year’s work on Thursday, January 27. PrivatBank noted that last year, in connection with the pandemic, they formed special reserves, which amounted to more than ten billion […]

Next
Analysts have named the next global reserve of the currency
News

Facebook explained how the data of 500 million users were published

Facebook reported that the data of 530 million users of the social network were made public after receiving data from the platform through the function of importing contacts, and not as a result of a hacker attack. This is stated in the Facebook report on the incident. It is noted that the attackers stole data […]

Next
Analysts have named the next global reserve of the currency
News

UIA changed its profit to a loss in the year of the corona crisis

UIA, the largest airline, suffered UAH 4.5 billion in losses last year, compared to UAH 1.6 billion in profit a year earlier. It is said in a statement. It is noted that in 2020, UIA’s assets decreased from UAH 14.9 billion to UAH 9.2 billion, total receivables increased to UAH 1.619 billion from UAH 969 […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com