TSX:LSG.DB - Post by User
Post by
baranjaon Sep 15, 2014 2:39pm
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Post# 22937315
Britain switching to Yuans.
Britain switching to Yuans. https://news.xinhuanet.com/english/business/2014-09/13/c_126981640.htm
LONDON, Sept. 12 (Xinhua) -- British Chancellor of the Exchequer George Osborne announced Friday that the British government intend to issue a Renminbi denominated bond and to use the proceeds to finance the government's reserves of foreign currency.
"I can now announce that the UK government intend to be the first national government outside of China to issue a bond in China's currency. We issued bonds in U.S. dollar before, now we will be issuing a bond in RMB," said Osborne in the press release of the Sixth China-UK Economic and Financial Dialogue (EFD).