BOE/PBOC To Start Talks On 3-year RMB-Stg Swap Line

Governor Zhou Xiaochuan met Governor Mervyn King today agreed to facilitate discussions on the establishment of a reciprocal 3-year, renminbi (RMB)/sterling currency swap arrangement. In a press statement, the BOE said that the arrangement would be used to finance trade and direct investment bet…

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BOE/PBOC To Start Talks On 3-year RMB-Stg Swap Line

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