The Bank of China has arranged currency swap facilities with the Hong Kong Monetary Authority, resulting in Yuan being available outside the PRC for the first time without the previously associated premium. The Yuan deposits have been made available in order to allow Yuan-denominated IPO's to take place, decreasing reliance on foreign money.
2010-12-23
Yuan Offshore Premium Drops as HKMA Starts 20 Billion Yuan Fund
Firewood in the American Economy: 1700 to 2010
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Despite the central role of firewood in the development of the early
American economy, prices for this energy fuel are absent from official
government st...
35 minutes ago
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