More: Finance of Geopolitics
Beijing’s Currency Playbook: Cap the Yuan, Buy the Gold, Build the Pipes Around the Dollar
TODAY’S NUMBERS 6.7828 (Monday’s PBOC yuan fix, near-flat) · 21 (months of PBOC gold buying, a record) · <3% (yuan’s share of SWIFT payments,...
Sovereign Wealth Comes Home: Why Jakarta, Riyadh and Kuwait Are Pulling Their Money Back
TODAY'S NUMBERS: $6.8bn (Danantara's remittance to Jakarta's budget) · 20% (Saudi PIF's new overseas-investment ceiling, down from 30%) · 5.65% (Danantara's average bond yield)....
Frozen Russian Assets, Take Two: What Europe’s Revived €210 Billion Plan Means for Ukraine, Belgium and the Euro
TODAY'S NUMBERS
€210bn (frozen Russian assets Brussels wants to mobilize) · €90bn (fallback EU loan already agreed) · €23.1bn (Ukraine's funding gap even with that...