The Federal Reserve announced a new facility Tuesday that will allow foreign central banks to temporarily swap debt holdings for U.S. dollars.
LocalgovernmentsinChinaissuedlessdebtin2017amidofficialeffortstoeasethecountry'sdebtburden,marketdatashowed.Localgovernmentsraised4.36trillionyuan(about670billi
Japan and South Korea have agreed to start negotiations for a new currency swap arrangement, to replace the one that expired in February 2015 amid deteriorating bilateral relations.
Major announcements this week have rapidly advanced the cause of the internationalization of the Chinese currency, which is expected to bring further benefits to the world.
UN Secretary-General Ban Ki- moon on Tuesday condemned the killing of a Jordanian pilot held captive by the Islamic States (IS), saying the terrorist organization has "no regard for human life."
China's central bank announced Sunday that it has signed an agreement to establish a currency swap line with the Bank of England (BOE) to boost bilateral trade and financial stability.
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