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UK and China sign three year currency swap to make business in Yuan

Monday, June 24th 2013 - 08:17 UTC
Full article 6 comments

The Bank of England and its Chinese counterpart have signed a deal likely to boost trade between the UK and China in the Yuan. The BoE and the People’s bank of China have signed a three year currency swap arrangement worth 200bn Yuan (33bn dollars), the UK central bank confirmed. Read full article

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  • Brit Bob

    Just wondering, did the Chinese mention the 'Malvinas' before they signed the deal? LOL Hector Simple man & Co.

    Jun 24th, 2013 - 10:29 am - Link - Report abuse 0
  • screenname

    @1 Brit Bob

    Or Tiawan, or old Hong Kong flags with a union flag on them being displayed in Hong Kong?

    I wonder if Think of one of his puppets will put a post up about how we are trading with nations with dubious morals?

    Jun 24th, 2013 - 01:04 pm - Link - Report abuse 0
  • yankeeboy

    The Chinese economy looks to be on the brink of some terrible calamity. Since the gov't owns the banks they'll survive, maybe, but it looks to be in really bad shape.
    A slowing economy and mass personal bankruptcies may be just the ticket to some exciting civil unrest going in the cities.
    There are a lot of families that have 3 generations of wealth tied up in worthless property.
    These are the same people that are driving the spending and keeping the cities stable.
    Tick tock...the pot is starting to boil

    Jun 24th, 2013 - 03:40 pm - Link - Report abuse 0
  • Britworker

    The second largest sophisticated arms dealers on the planet, the world hub for trading currencies, China doing business with us and one of the few growing economies in Europe. I thought we were meant to be finished?
    This is the bit the RG's don't understand about the UK, we have been around a very long time and we understand what makes the world tick much better than they do.
    China will do business with people they can trust, they also have respect for traditions and our royal family. Trust and tradition are not qualities associated with Argentina. Toodle pip!

    Jun 24th, 2013 - 04:24 pm - Link - Report abuse 0
  • Briton

    No doubt CFK will immediately call in the ambassador of china for an explanation..lol

    Jun 24th, 2013 - 06:32 pm - Link - Report abuse 0
  • ChrisR

    Sounds a lot of money but it's only USD 5.75 billion or GBP 3.75 billion.

    Does that really mean the UK can go head to head with Hong Kong? Very unlikely.

    The cunt King perhaps has it right that even his own idea is an unlikely event.

    Mind you the two Yuan whore otherwise known as TMBOA is probably screaming her head off over this.

    Jun 24th, 2013 - 08:12 pm - Link - Report abuse 0

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