Determined to keep abreast of affairs throughout the country, President Susilo Bambang Yudhoyon has installed a 'situation room' at the Presidential Palace. (Antara Photo/Widodo S. Jusuf)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)
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Saturday, February 23, 2013

Boost for City as Sir Mervyn King does currency swap deal with Bank of China

Independent, Russell Lynch, 22 February 2013
 
The Bank of England today took a crucial step towards boosting the City as a centre of trading in the Chinese renminbi after agreeing a currency swap deal with the Bank of China.

The announcement of the three-year swap — to allow Threadneedle Street to draw down renminbi from China’s central bank to supply to UK firms and vice versa — came after talks between Governor Sir Mervyn King and his counterpart in Beijing.

Bankers have long called for a swap to allay fears over a lack of liquidity in China’s tightly-controlled currency, which has hampered trading in the renminbi. The Bank of England had resisted as it usually reserves swap lines for emergencies.

A Standard Chartered spokesman said the deal “will have a positive psychological effect on the market in the City and encourage more companies to do business in renminbi.” HSBC UK economist John Zhu said: “This will provide greater confidence for businesses that trade with China and represents a positive step to improving convertibility between sterling and renminbi.”

Hong Kong currently has 80% of off-shore renminbi trading, with London and Singapore sharing the rest.

Related Articles:

RMB on way to becoming global reserve currency: IMF official


"The U in Kundalini"- Oct 18, 2012 (Kryon channeled by Lee Carroll) (Subjects: Kundalini, Unification, EU, Nobel Peace Prize 2012, Middle East, South America, Only 5 Currencies on EarthOld Souls, Duality will dismiss, 3D Humanity will melt with Multi dimensional higher self, Global Unity… etc.)

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