China Signs Second-Biggest Swap Line With ECB

BEIJING/FRANKFURT (Reuters) - China accelerated plans to internationalise its currency on Thursday by agreeing to swap euros and yuan with the European Central Bank in a deal that is set to be China's second-largest to date. The bilateral currency swap agreement between the European Central Bank (ECB) and the People's Bank of China (PBOC) is valid for three years and has a maximum size of 350 billion yuan, or 45 billion euros (38.1 billion pounds). ...



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