UK banks primed for more RMB deals with first G7 swap line

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UK banks primed for more RMB deals with first G7 swap line

The first renminbi (RMB) swap line between China and a G7 central bank - a three-year agreement with the Bank of England - is a safety net that will boost the confidence of UK banks to become more actively involved in RMB transactions.

Economic Analysis

26 July 2013

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UK banks primed for more RMB deals with first G7 swap line

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