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- China will allow unfettered exchange of its yuan currency in its first free trade zone, reports said | Bangkok Post: news
2009-04-09 — marketskeptics.com
The mainland is trying to promote the use of the yuan among trade partners and, in the past four months, has signed 650 billion yuan ($95 billion) worth of swap agreements with Argentina, Indonesia, South Korea, Malaysia, Belarus and the Hong Kong Special Administrative Region. The agreements allow them to use their yuan reserves to directly trade with the Chinese mainland within a set limit in volume.
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