Wednesday, February 29, 2012

China and Turkey Sign Currency Swap Deal

Bill Henner and David Nealis in Shanghai

China & Turkey Sign Currency Swap Deal

China's central bank said that it has signed a RMB10 billion (US$1.59 billion) currency swap agreement with the Central Bank of Turkey.

According to a statement on People's Bank of China’s website, the three-year agreement will be extendable by mutual consent.To promote the international use of Renminbi, China has signed currency swap agreements with 15 countries and regions since the onset of the global financial crisis in late 2008.  
China continues to be an ideal place for firms looking for growth, what is your firm’s China Market Strategy?  

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