Central Banks Tap Most Yuan Swap Lines With PBOC in Two Years
Global central banks’ use of the People’s Bank of China’s swap lines reached a two‑year high in the first quarter, underscoring rising international demand for the Chinese currency.
By Charlie Zhu, Wenjin Lv, Ran Li · Bloomberg Markets
Global central banks’ use of the People’s Bank of China’s swap lines reached a two‑year high in the first quarter, underscoring rising international demand for the Chinese currency.