The Internationalisation of the Renminbi (Rmb)

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Dixon, Chris; Global Policy Institute;
  • Publisher: Global Policy Institute
  • Subject: dewey330

On 22 June 2013 the Bank of England concluded a Rmb200bn. (US$32.6bn.) currency swap agreement with the Peoples Bank of China in order ‘to promote bilateral trade between the two countries and to support domestic financial stability should market conditions warrant’ (Ba... View more
  • References (3)

    ASEAN (2013) 'The Joint Statement of The 16th ASEAN+3 Finance Ministers' Meeting', 3 May 2013, Delhi, India,https://www. convention/asean_plus_3/20130503.htm Auboin, A. (2012) 'Use of currencies in international trade: Any changes in the picture?, WTO Staff Working Paper ERSD-2012-10, Geneva.

    Bank of England (2013) 'News Release - People's Bank of China swap line', http://

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