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  1. French bank chief calls for Asian currency appreciation

    Posted Mar 22nd 2005, 12:00am by Tom Holland

    ... Bank of France governor Christian Noyer says that Asian governments should let their currencies rise against the US dollar to reflect the region's economic success and correct imbalances in the global economy. Mr Noyer, a member of the governing council of the European Central Bank, yesterday argued that China, in particular, should allow its currency to appreciate, ...

  2. Currency power struggle looming

    Posted Apr 24th 2005, 12:00am by Chris Oliver

    ... Expert says Asian nations face US political pressure Currency expert Avinash Persaud takes issue with a common assumption in Washington that Asian currencies are under-valued versus the US ... of it heading into the yuan in anticipation of a currency realignment. The hot money bolsters bank liquidity, and adds to an inaccurate picture of what's going on. Still not convinced? Then why do ...

  3. Preserve our currency autonomy

    Posted Apr 14th 2005, 12:00am by Tony Latter

    ... arguments for, or predictions of, the peg's demise? Yet it is still with us. If you believe in a fixed rate, then a currency board system, as practised in Hong Kong, is the best way to deliver it. I cannot think of any freely traded currency that has retained a fixed rate for so long by any other mechanism- apart from its antecedents, the gold and silver standards. But ought Hong ...

  4. Strength seen in Asian currencies

    Posted Oct 04th 2005, 12:00am by Staff Reporter

    ... Maria Chan Asian currencies are expected to appreciate annually over the next three to five years due to the yuan revaluation and sound fundamentals, according to Cecilia Chan Po-chi, a director and head of fixed income at HSBC Investments. She predicted regional currencies would stabilise in the short term, then experience single-digit growth on an annual basis. Taking Indonesia ...

  5. Smart money says yuan as reserve currency is Yam's pipe dream

    Posted Jan 10th 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'There is also the possibility that... the renminbi will in time emerge as the anchor currency of the region.' Joseph Yam Chi-kwong Chief executive Hong ... eventually replace the US dollar as the world's reserve currency. Happily, he was realistic enough to add the words 'this, of course, is a big 'if'.' For a more exact touch ...

  6. Hong Kong well served by currency board despite Argentina's woes

    Posted May 17th 2005, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp WHY IS IT that discussions on the subject of currency board systems in international journals mostly refer to Argentina's calamitous experience with one and then lament that they cannot last? Why do so few of them suggest that the problem with Argentina's experience of a currency board may have been Argentina and not the currency board? Perhaps ...

  7. Taipei may expand currency exchanges

    Posted Oct 25th 2005, 12:00am by Lawrence Chung

    ... Lawrence Chung in Taipei Taiwanese authorities will consider allowing transactions with the mainland currency inside Taiwan if the trial exchanges on two offshore islands are successful, ... currency exchanges on the two defensive outposts, which are the only two areas conducting Taiwan's 'mini-three links' with the mainland cities of Xiamen and Fuzhou. But only ...

  8. Taipei okays currency exchanges on islands

    Posted Sep 29th 2005, 12:00am by Jacky Hsu

    ... Jacky Hsu Taiwan is to allow currency exchanges between the new Taiwan dollar and the yuan on a trial basis on the outlying islands of Quemoy and Matsu. The measure, which takes effect ... a cabinet meeting in Taipei. He said up to 20,000 yuan (NT$80,000) could be exchanged in each transaction. But Mr Hsieh said that until both sides signed a currency-clearance agreement, ...

  9. Campaign shuts down currency syndicates

    Posted Feb 25th 2005, 12:00am by Eric Ng

    ... million yuan in fines and confiscated 110 million yuan worth of currencies in a push that ended last December. 'The joint efforts of the three departments have effectively tackled ... illegally traded 520 million yuan worth of foreign currencies by asking clients to deposit yuan into a mainland bank account and transferring an equivalent in foreign exchange ...

  10. Latest currency relaxation another advance... in theory

    Posted Sep 22nd 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling Foreign banks operating in the mainland this week began offering yuan forward contracts to their corporate customers in China following the latest relaxation of currency ... on the great (and long) march to a freely floating currency. But don't expect that destination to be reached any time soon, bankers observe. If anything, the sedate and measured pace at which ...




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