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China’s central bank, BIS set up renminbi liquidity arrangement

CNA – China’s central bank said yesterday it signed an agreement with the Bank for International Settlements (BIS) to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide support to participating central banks in times of market fluctuations. The People’s Bank of China (PBOC) said the arrangement’s first participants, in addition to the PBOC, would
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