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
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
Follow your favourite topic and get notified
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