Swiss RMB Hub Dream Unfazed By Currency Scare by Matthew Allen, By Matthew Allen, swisssinfo.ch Swiss analysts are taking a positive view of the recent renminbi devaluation. The recent fluctuations of the Chinese currency and stock market volatility have not dampened Switzerland’s dream of becoming a renminbi trading hub. Some politicians in the United States lashed out at Beijing for the People’s Bank of China’s decision to let the currency devalue by 1.9% on August 12 – the largest single day slide in decades. But for Swiss observers, it demonstrated China’s commitment to freeing up the currency to market forces….
Swiss RMB Hub Dream Unfazed By Currency Scare
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