05.11.2014 - Internationalization Of China Currency Continues With Qatar Deal
Two weeks after signing a currency swap deal with Russia, China is back at it again, this time with the rich Persian Gulf nation Qatar. The People’s Bank of China announced Monday that it signed the deal worth 35 billion yuan (about $5.7 billion) with the central bank of Qatar. The three-year swap arrangement could be extended by the two sides, said a statement on PBoC’s website...............................................Full Article: Source
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