China launches 7 new direct currency pair links with renminbi
The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of China's central bank, the People's Bank of China (PBoC) has announced 7 new direct renminbi trading links. The seven  currencies which PBoC will launch direct trading as of Monday, December 12th include the Turkish lira (TRY), Polish zloty (PLN), the…
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