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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 7 4:00 PM EST

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To: Maurice Winn who wrote (67977)	4/18/2011 3:20:27 PM
From: elmatador	Read Replies (1) of 217574

agreement with New Zealand would encourage more international trade settlements in the Chinese currency. China, New Zealand agree 4-billion-US-dollar currency swap Apr 18, 2011, 9:56 GMT Beijing - The central banks of China and New Zealand have signed a currency swap agreement worth nearly 4 billion US dollars over the next three years, the Chinese bank said on Monday. The People's Bank of China said it had agreed the 25-billion-yuan (3.83 billion US dollars) deal with the Reserve Bank of New Zealand for an initial three years. The agreement was designed to promote bilateral trade, investment and financial cooperation, the bank said in a statement. The People's Bank of China had already signed similar currency swap agreements with South Korea, Hong Kong, Malaysia, Belarus, Indonesia, Argentina, Iceland and Singapore since late 2008. State media quoted analysts as saying the agreement with New Zealand would encourage more international trade settlements in the Chinese currency.

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