Archive | October 28, 2014

China launches direct currency trading with Singapore

October 28, 2014

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China launches direct currency trading with Singapore Xinhua BEIJING — China on October 27, 2014 announced direct trading between the renminbi and Singapore dollar beginning Tuesday October 28, marking another step toward internationalizing the Chinese currency. The announcement by China Foreign Exchange Trading System (CFETS) extended the yuan’s list of direct onshore trade to more […]

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