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


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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