Japan bought a record ¥7.98 trillion in one day
Japan bought yen on three separate days over the summer. Daily figures released on November 9 show it bought almost ¥1.7 trillion more on July 30 than on the previous record day in April.
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China raises foreign exchange reserve ratio to 6%
Banks will have to set aside a larger share of foreign currency deposits from November 15. The PBOC is raising the requirement from 4% to 6%; the percentage is not a charge deducted from depositors’ accounts.
PBOC strengthens yuan fixing to 6.7162 per dollar
China’s central bank lowered the daily yuan fixing from 6.7180 to 6.7162 per dollar. Banks trade at market prices, within a 2% band above and below the fixing for onshore interbank dollar/yuan spot transactions.
Some Iraqi exchange firms can resume dollar sales to travelers
The firms’ return to dollar sales follows verification that they met compliance requirements. A separate central bank decision reduces the frequency of travelers’ cash dollar allocations to once every two months.
India’s forex reserves fall $8.58 billion in a week
India’s reserves fell to $726.027 billion, according to data released by the Reserve Bank of India on October 16. The weekly declines reported in its last two releases total $21.53 billion.
RBI cuts forex derivatives documentation threshold to $5 million
The new rupee derivatives rules tighten documentation and restrict rebooking cancelled contracts. A separate dollar window for three oil companies opens October 12.
Philippine reserves lose $4.85 billion in September
Gold and other reserve assets declined while cash, deposits and securities rose. The central bank says the remaining stock covers 6.3 months of imports and related payments.
Thailand renews forex warning over unlicensed platforms
Thailand’s central bank has reiterated its position on online currency speculation. Its latest warning concerns licensing and fraud risks, rather than a newly announced ban.
India’s reserve losses accelerate with $18.3 billion weekly fall
RBI data released on October 2 show the weekly fall widening to $18.3 billion. Gold holdings also fell in dollar terms, reversing the previous week’s small rise, while total reserves remained above their end-March level.
Iran’s rial hits a new low as dollar tops 2.5 million
Bonbast’s September 29 archive put the dollar’s sell rate at 255,800 tomans, up about 4.4% from 245,000 tomans the previous day.
Turkey replaces FX purchase pledge with 10% position test
The rules change eligibility for firms that earn export revenue and buy foreign currency for imported inputs. Access to the support will hinge on their liquid FX holdings and the value added they generate.
Cash FX’s 15% weekly pitch faces $950M CFTC fraud case
The CFTC has sued Cash FX over an alleged scheme that raised more than $950 million while promising weekly returns of up to 15%. Its complaint details Bitcoin payments, fabricated account statements and at least $406 million in participant losses.
India’s forex reserves drop $14.9 billion in one week
India’s total forex reserves fell to $765.9 billion in the week ended September 18. Foreign currency assets accounted for almost all of the decline, while gold holdings edged higher in dollar terms. Reserves remain above their end-March level.