China's Banks Are Bursting With Dollars, And That's A Worry
China's Banks Are Bursting With Dollars, And That's A Worry
Tue, June 1, 2021 By Winni Zhou and Tom Westbrook
SHANGHAI/SINGAPORE (Reuters) - A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan. Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China's banks leapt above $1 trillion for the first time in April, official data shows A previous jump, late in 2017, preceded heavy dollar selling which turbocharged a steep yuan rally in early 2018.
Market participants say the size of the even bigger hoard this time raises that risk, and leaves policymakers' efforts to restrain the yuan vulnerable to the whims of the exporters and foreign investors who own the cash.
"This positioning in particular, in our view, is susceptible to a capitulation if the broad dollar downtrend were to continue," said UBS' Asia currency strategist Rohit Arora, especially if the yuan gains past 6.25 or 6.2 per dollar.
"We think a break of these levels ... has the ability to affect market psyche," he said, since they represent, roughly, the yuan's 2018 peak and its top before a devaluation in 2015, and trigger selling from local corporations in particular.
The heavily managed yuan is at three-year highs, having rallied through major resistance at 6.4 per dollar, and it clocked its best month since November in May.
Concerned this rapid rise could unleash huge conversion of the deposits into yuan, the People's Bank of China (PBOC) said on Monday that from mid-June, banks must set aside more reserves against them to discourage further accumulation.
STATE RESTRAINT
The central bank's stance marked a shift towards confronting a trend that gathered steam while the bank had, publicly at least, kept to the sidelines. Since 2017, the PBOC has largely left the yuan to market forces, keeping its currency reserves just above the $3 trillion mark, while behind the scenes the state-bank and private sectors stepped in.
Over the 16 months to April, dollar deposits rose by $242.2 billion, PBOC data shows, a rise equal to about 1.8% of gross domestic product and bigger than the much-vaunted inflows into China's bond market, which totalled about $220 billion for the period.
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TNT:
Tishwash: Why hasn't an oil and gas law been enacted? A former minister reveals the reasons.
Former MP and Minister Zuhair al-Jalabi revealed on Thursday the reasons why political parties have not moved forward with enacting the oil and gas law, despite nearly two decades having passed since attempts to pass this crucial legislation.
Al-Jalabi told Al-Maalouma, "The issue of annexing land from Nineveh Governorate to the Kurdistan Region is practically over, especially since the administrative boundaries of the governorates are defined within the Ministry of Planning and cannot be changed except by a decision from the Council of Representatives through a vote on a new administrative map of the governorates."
KTFA
Thursday Night Video
FRANK26…9-10-26….IN COMMAND
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
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In July, the Canadian uranium miner Cameco stopped producing at its mine in northern Saskatchewan (known as ‘Cigar Lake’) for two weeks. Cigar Lake itself was fine, nothing was wrong with the mine. The problem was their sulfuric acid plant— a crucial ingredient in processing uranium ore— broke down.
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“You cannot have your gold in another country. You’ve got to have it in your own country.”
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I Need To Clarify Last Night’s Dinar Video
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The Starting Gun: General Currency Assessment & Movement
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We Will Start Early Today (Busy Day Ahead)
Emailed to Recaps: (Thank you David)
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By Reset Intelligence | @EXIT_FIAT
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The global financial system can often seem like an impenetrable maze of jargon, complex mathematical models, and abstract concepts. However, understanding the core driving forces of our economy is essential for navigating the changing economic landscape.
To demystify these complex dynamics, financial analysts frequently turn to elegant metaphors. One of the most effective analogies compares the relationship between collateral, credit, and the economy to a man walking his dog on a leash. This simple yet profound visualization sheds light on how our monetary system functions, where the vulnerabilities lie, and how the architecture of global finance is rapidly evolving.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Thurs. 10 Sept. 2026
Compiled Thurs. 10 Sept. 2026 12:01 am EST by Judy Byington
Global Currency Reset:
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OVERVIEW
Oil has moved back above the psychologically important $100-per-barrel level, as renewed military attacks involving the United States and Iran threaten to further disrupt energy supplies moving through the Middle East. Brent crude remained above $100 on Thursday after reaching levels not seen since July.
The renewed energy shock is arriving at a particularly sensitive time for global financial markets. Higher oil prices can feed into transportation, manufacturing, food and consumer prices, potentially creating another wave of inflationary pressure just as central banks are trying to determine their next moves on interest rates.
TNT:
Tishwash: Al-Moussawi: The cabinet formation is nearing completion... and the vote will take place after the Prime Minister's return.
MP Hamed Al-Moussawi confirmed that there is a determination among the various political forces to finalize the cabinet formation, noting that the Prime Minister is determined to complete it before September 30.
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On March 1st, 1973, the Deutsche Bundesbank absorbed $2.7 billion in the first hour of trading — more than it had received in any full day in the history of the Bretton Woods system.
Karl Klasen, President of the Bundesbank, authorized the trading desk to stop buying at eleven in the morning. Every major European exchange closed its currency markets for the day.
The fixed exchange rate system that had governed international finance for twenty-seven years ended not because anyone decided to end it, but because the rate of dollar inflow exceeded the system's capacity to absorb it.
MilitiaMan & Crew: No-Nonsense Iraqi Dinar News: Militia Man & Crew Keep You Informed
9-9-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
KTFA
Wednesday Night Video
FRANK26…9-9-26….CBI/ECON/HCL
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Rob Cunningham: Honest Weights and Measures
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Honest Weights & Measures May Be One of the Most Powerful Healing Technologies Humanity Has Ever Known
My Fellow Americans,
What if one of humanity’s oldest moral instructions also contains one of the clearest design specifications for our economic future?
“A false balance is abomination to the LORD: but a just weight is his delight.” – Proverbs 11:1
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Miles Franklin Media: 9-9-2026
Andy Schectman, President and CEO of Miles Franklin Precious Metals, interviews Tom Luongo, financial and geopolitical commentator, market analyst, and publisher of Gold, Goats ’n Guns.
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A recent comprehensive panel discussion hosted by Stephen on The Dinar Den brought together seasoned perspectives to analyze the evolving landscape of Iraq’s monetary policy.
Emailed to Recaps (Thank you David)
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