An officer guards the EU office in Beijing. The PBOC and ECB have signed a currency swap deal. Photo: AP An officer guards the EU office in Beijing. The PBOC and ECB have signed a currency swap deal. Photo: AP
An officer guards the EU office in Beijing. The PBOC and ECB have signed a currency swap deal. Photo: AP

People's Bank of China in swap deal with European Central Bank

The deal is a major step towards making the yuan fully convertible globally within five years

An officer guards the EU office in Beijing. The PBOC and ECB have signed a currency swap deal. Photo: AP An officer guards the EU office in Beijing. The PBOC and ECB have signed a currency swap deal. Photo: AP
An officer guards the EU office in Beijing. The PBOC and ECB have signed a currency swap deal. Photo: AP
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