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>> INDONESIA Latest News

OCT 11, 2013 - Business Insider

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China Has Taken 2 Big Baby Steps Toward Internationalizing Its Currency (FXI, EWH)

China's economy has grown to be a global powerhouse, and the yuan is the ninth most traded currency in the world. But China has some way to go before its currency is fully internationalized.  It announced two steps recently that again prompted chatter about the country taking steps to internationalize its currency. First, the European Central Bank and the People's Bank of China signed a 350-billion-yuan (€45 billion) bilateral currency swap agreement. The agreement is in place for three years and can be extended.  China has made a few such moves to make its currency fully ... Read More

Tags: China Has Taken 2 Big Baby Steps Toward Internationalizing Its Currency (FXI, EWH),  Indonesia Latest News