| 11.10.2013 - European Central Bank and China strike currency swap deal |
| The European Central Bank and the People’s Bank of China have established a currency swap agreement, the latest in a string of moves to help encourage global use of the renminbi. The swap line, at Rmb350bn ($57bn), will be China’s third largest after its facilities with Hong Kong and South Korea, and follows similar agreements with the UK, Australia and Brazil...............................................Full Article: Source |