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View Full Version : China Boosts Yuan Swaps, Store Payments as Dollar Concern Grows - Bloomberg



NewsWhore
04-01-2009, 09:30 PM
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China Boosts Yuan Swaps, Store Payments as Dollar Concern Grows (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da.lhD2W5k.lY%26refer%3Dhome&cid=1323072253&ei=fhbUSarhBJm7jAel4ujfCA&usg=AFQjCNHDT4FUNX3_dlODqzg98akObETWUQ)
Bloomberg
The People’s Bank of China has agreed to provide 650 billion yuan ($95 billion) to Argentina, Belarus, Hong Kong, Indonesia, Malaysia and South Korea through so-called currency- swaps. More such arrangements are being planned so importers can avoid ...


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