Why UK and China has signed Currency Swap Deal?
Others answers (1)
- eAnswers...Jun 24, 2013
UK and China has signed a three-year deal to swap their currencies when needed in the month of June 2013. The purpose behind this deal is said to boost the Chinese Yuan outside Asia and on the other hand UK is wishing to become the centre for the Chinese currency (renminbi). The deal is of worth 200bn Yuan.
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