Posts Tagged ‘yuanringgit’
China to start yuan-ringgit trading tomorrow
Author: Germina Lake
China to start yuan-ringgit trading tomorrow
SHANGHAI, Aug 18 — China will begin trading in the yuan against the Malaysian ringgit from tomorrow, marking the latest step by Beijing to internationalise its currency. The introduction of a sixth currency to trade against the yuan comes after the Chinese central bank said yesterday it would open the yuan bond market to funds accumulated overseas …
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