ABU DHABI/WAM The Central Bank of the UAE (CBUAE) imposed varying financial sanctions amounting to ...
Read More »Global central banks use record amount of yuan via PBOC swaps
BLOOMBERG Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing international status. The outstanding balance of all foreign currency swaps was 109 billion yuan ($15.6 billion) at the end of March, according to data released by the People’s Bank of China (PBOC). That ...
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