The Internationalisation of the Renminbi (Rmb)
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’ (Bank of England 2013; Noble 2013...
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| Format: | Article |
| Language: | English |
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Global Policy Institute
2014
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| Online Access: | https://repository.londonmet.ac.uk/346/1/GPI%20policy%20paper%20no.26.pdf |