CURRENCY SWAP DEAL BETWEEN CHINA AND ZIMBABWE

China and Zimbabwe signed a currency swap deal. The purpose of the deal is to strengthen trade relations between the two nations.

The deal will enable an investor in China to pay a Chinese business in Zimbabwe which is looking forward to foreign exchange. The Chinese-owned business in Z...

China and Japan will promote more use of their local currencies in bilateral trade and investment agreements

(Tokyo) — China and Japan will promote more use of their local currencies in bilateral trade and investment agreements as global trade uncertainty has boosted foreign-exchange instability and the expense of using third-party currencies, the Chinese central bank official said Thursday.