Between April and May it made dollar purchases worth $3.2 billion
The special note will have no transaction value and will cost around a dollar each
The move is expected to make it easier for market stakeholders
The resilience of Southeast Asian exchange rates is buoying demand for the nations’ local-currency sovereign debt
A Hanoi con man demanded real money up front in exchange for fake notes that police say he never had.
"The Fed's action brings an end to the lift-off uncertainty," said Amando Tetangco, the governor of the Philippine...
Emerging-market currencies are weakening across Asia this month as futures indicate the Federal Reserve will raise interest rates this week...
The government aims "in the long term" to reduce intervention in the currency markets as far as possible.
Beijing was in no rush to allow the yuan to float freely
The remaining question is the yuan's weight in the basket.
Trade deficit was at $4.1 billion in the first 10 months of the year, approaching the official $6 billion...
The move could increase demand for the yuan among reserve managers as well as marking a symbolic coming of age...
She arrived from Korea and failed to declare the money, an offense that potentially carries a 10-year jail term
They have pledged to “avoid unfair currency practices and refrain from competitive devaluation"