“Canada’s banks are considering a plan to make Toronto the first North American trading hub for China’s yuan, joining a global race for a share of trading in the currency of the world’s second-largest economy. The moves to set up a trading hub in Canada come as an organization representing Frankfurt’s financial industry predicts the European Central Bank is nearing a deal with China that will help the German financial center become a European yuan trading hub. The Bank of England signed a similar but smaller agreement last month, joining other recent additions like Australia, Turkey, Brazil and South Korea as China pushes for greater use of its currency outside the mainland.”
Related posts:
Swiss Fort Knox: Bomb-secure Backup
Gaza, an impoverished and besieged sliver of land
Trump’s CIA Director Wants to Return to a Pre-Snowden World
Carnegie Mellon research shows cellphone use may not cause more car crashes
The Model Rockets That Need FAA Clearance to Launch
Syria opposition ‘disappointed’ but thinks Congress will OK strike
Accusations Tom Selleck Stole California Water Dropped
10 things you can’t buy with a credit card
Prices Fuel Outrage in Brazil; '46 New Tax Rules Per Day'
Silver Vault for 200 Tons Starts in Singapore as Wealthy Buy
NBC: 'Bitcoin losing shine after hitting the spotlight'
Former No. 2 at CFPB, Raj Date, Joins Board of Bitcoin Company
Baton Rouge merchants now accepting Bitcoin for payment
Gold Runs Out In Lisbon As Price Drop Compounds Money Misery
Iceland EU accession talks break down over mackerel quotas