MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
logo
ktz_banner_mdt150921
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Pet-friendly dining grows to 90 restaurants, but hygiene debate rages on

  • Son arrested for allegedly inciting father’s suicide attempt

  • Spice Without Borders: When Sichuan Mala Meets Indian Masala in Hong Kong

  • LRT passenger figures drop by almost 20% month-on-month in June

  • Astronomer calls for global ‘space tax’ as orbital congestion risks rise

  • ‘Pop Out Green Restroom’ selected for architecture guide on sustainable design innovation

Macau
Home›Macau›Yuan devaluation to impact RMB deposits

Yuan devaluation to impact RMB deposits

By -
August 14, 2015
32
0
Share:

CHINA-US-ECONOMY-FOREX-YUANChina cut the reference rate for its currency for the third consecutive day yesterday. As the Central Bank continued to weaken the yuan by a further 1.1 percent yesterday, concerns have been raised within the global financial market.
In Macau, banks could see deposits in Chinese yuan experience a decrease, BNU told the Times in an email. The bank said that this has coincided with “a recent overall trend of decreasing Chinese yuan deposits in banks.”
On the other hand, the bank said that the incentive to borrow in the Chinese currency will increase, concurrently with a lower interest rate in RMB.
“The devaluation of RMB may have greater effects on banks that have open positions in RMB, or when they lend in RMB and receive deposit in other currencies such as Hong Kong dollars, patacas, or U.S. dollars,” it said, adding that the devaluation of China’s currency may also have a greater impact on banks that have larger assets valued in yuan.
BNU reiterated, however, that the bank has no open position in RMB, nor do they practice operations in which they take money from HKD/MOP/USD deposits and provide loans in RMB.  CP

FacebookTweetPin

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Like this:

Like Loading…

Related

Previous Article

Two-month old allegedly shaken by maid in ...

Next Article

Locally-based Burmese national starts fundraising appeal for ...

0
Shares

    Related articles More from author

    • Macau

      Carbon monoxide poisoning case reported

      December 4, 2024
      By -
    • Macau

      Suspect arrested in sea cucumber fraud

      November 29, 2024
      By -
    • Macau

      GAMING | More VIP room closures ‘not surprising’

      January 7, 2015
      By -
    • Macau

      Macau Literary Festival to celebrate poetry of Li Bai and Luís de Camões

      March 5, 2024
      By -
    • Macau

      SSM preps for peak mosquito season

      April 17, 2026
      By Nadia Shaw, MDT
    • HeadlinesMacau

      Governance, economic diversification, and global engagement mark a landmark year

      January 5, 2026
      By Nadia Shaw, MDT

    Leave a reply Cancel reply

    You must be logged in to post a comment.

    • Sports

      FOOTBALL|Man United buries Galaxy 7-0 in Van Gaal’s debut

    • Macau

      IFFAM 2016: a retrospective

    • World

      Offbeat | Madonna at opening of children’s wing of Malawi hospital 

    DAILY EDITION

    Friday, July 3, 2026 – edition no. 4984
    Friday, July 3, 2026 – edition no. 4984

    Greater Bay

    MDT MACAU GRAND PRIX SPECIAL

    July 2026
    M T W T F S S
     12345
    6789101112
    13141516171819
    20212223242526
    2728293031  
    « Jun    

    Timeline

    • July 3, 2026

      Pet-friendly dining grows to 90 restaurants, but hygiene debate rages on

    • July 3, 2026

      Son arrested for allegedly inciting father’s suicide attempt

    • July 3, 2026

      Spice Without Borders: When Sichuan Mala Meets Indian Masala in Hong Kong

    • July 3, 2026

      LRT passenger figures drop by almost 20% month-on-month in June

    • July 3, 2026

      Astronomer calls for global ‘space tax’ as orbital congestion risks rise

    • July 3, 2026

      ‘Pop Out Green Restroom’ selected for architecture guide on sustainable design innovation

    • July 3, 2026

      Your most valuable skill might be knowing what to ignore

    • July 3, 2026

      Community leaders back long-term healthy weight plan ahead of SSM competition

    • July 3, 2026

      Typhoon Signal No. 1 remains in force, Signal 3 upgrade possible today

    • July 3, 2026

      FAOM advocates for training and certification to develop local workforce

    Extra Times

    Extra TimesHeadlinesTaste of Edesia

    Spice Without Borders: When Sichuan Mala Meets Indian Masala in Hong Kong

    This July, two of Hong Kong’s most visually arresting dining rooms will set the stage for a culinary dialogue that has been centuries in the making. Grand Majestic Sichuan and ...
    • Summer Energy Ignites 

      By -
      July 3, 2026
    • Silk Road Art Feast: Enchanting Dunhuang Comes to Life Through Culinary Artistry

      By Irene Sam, MDT
      June 26, 2026
    • Myles Smith makes anthemic, personal pop on his debut, ‘My Mess, My Heart, My Life’ 

      By MDT/AP
      June 26, 2026
    • The Alibi Mixers Series: A Summer of Art, Music, and Craft Brews

      By -
      June 26, 2026
    • Recent

    • Popular

    • Pet-friendly dining grows to 90 restaurants, but hygiene debate rages on

      By Yuki Lei, MDT
      July 3, 2026
    • Son arrested for allegedly inciting father’s suicide attempt

      By Yuki Lei, MDT
      July 3, 2026
    • Spice Without Borders: When Sichuan Mala Meets Indian Masala in Hong Kong

      By Irene Sam, MDT
      July 3, 2026
    • LRT passenger figures drop by almost 20% month-on-month in June

      By Renato Marques, MDT
      July 3, 2026
    • Astronomer calls for global ‘space tax’ as orbital congestion risks rise

      By Nadia Shaw, MDT
      July 3, 2026
    • ‘Pop Out Green Restroom’ selected for architecture guide on sustainable design innovation

      By Renato Marques, MDT
      July 3, 2026
    • Your most valuable skill might be knowing what to ignore

      By -
      July 3, 2026
    • Canidrome may have its days numbered, decision in ‘one or two months’

      By Paulo Coutinho, MDT
      May 26, 2016
    • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

      By -
      May 4, 2016
    • Editorial | Canidoomed

      By Paulo Coutinho, MDT
      June 1, 2016
    • Animal Welfare | Canidrome presented with ultimatum: close or move

      By Daniel Beitler, MDT
      July 22, 2016
    • Australia regulator cracks down on alleged exportation of dogs to Macau

      By Paulo Coutinho, MDT
      June 10, 2016
    • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

      By Catarina Pinto
      July 6, 2015
    • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

      By Daniel Beitler, MDT
      May 27, 2016
    • Contact our Administrator
    • Contact our Editor-in-Chief
    • Contacts
    • Our Team
    • Privacy Policy
    • Terms and Conditions
    • Editorial Statute
    • Code of Ethics
    COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
    MACAU DAILY TIMES
    • Home
    • Macau
      • Photo Shop
      • Advertorial
    • Interview
    • Greater Bay
    • Business
      • Corporate Bits
    • China
    • Asia
    • World
    • Sports
    • Opinion
      • Editorial
      • Our Desk
      • Business Views
      • China Daily
      • Multipolar World
      • The Conversation
      • World Views
    • Our Team
    • Editorial Statute
      • Code of Ethics
      • Privacy Policy
      • Terms and Conditions
    • Archive
      • PDF Editions
    • Contacts
    • Extra Times
      • Drive In
      • Book It
      • tTunes
      • Features
      • World of Bacchus
      • Taste of Edesia

    Loading Comments...

    You must be logged in to post a comment.

      %d