Bilateral currency swaps among the Association of Southeast Asian Nations (Asean) regional grouping, China, Japan and South Korea have reached US$380 billion, said People’s Bank of China governor Yi Gang. Photo: Reuters
Bilateral currency swaps among the Association of Southeast Asian Nations (Asean) regional grouping, China, Japan and South Korea have reached US$380 billion, said People’s Bank of China governor Yi Gang. Photo: Reuters
G20
Economy /  Global Economy

China to work with Asian neighbours to grow use of local currencies over US dollar in trade, investment

  • Central bank governor Yi Gang said China will work with Asian countries to strengthen the use of local currencies in trade and investment
  • Bilateral currency swaps among the Association of Southeast Asian Nations (Asean) regional grouping, China, Japan and South Korea have reached US$380 billion

Reuters
Reuters

Updated: 4:24pm, 16 Feb, 2022

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Bilateral currency swaps among the Association of Southeast Asian Nations (Asean) regional grouping, China, Japan and South Korea have reached US$380 billion, said People’s Bank of China governor Yi Gang. Photo: Reuters
Bilateral currency swaps among the Association of Southeast Asian Nations (Asean) regional grouping, China, Japan and South Korea have reached US$380 billion, said People’s Bank of China governor Yi Gang. Photo: Reuters
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