Japan and China to trade yen-yuan directly
- 12 years ago
Asia's two biggest economies, Japan and China, are to start trading their currencies directly from the start of June.
Previously they have set exchange rates through relative dollar values.
The direct yen-yuan trade in the Tokyo and Shanghai markets is to smooth and cut the cost of trade and financial transactions between them.
...
http://www.euronews.net/
Previously they have set exchange rates through relative dollar values.
The direct yen-yuan trade in the Tokyo and Shanghai markets is to smooth and cut the cost of trade and financial transactions between them.
...
http://www.euronews.net/