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British Chancellor of the Exchequer George Osborne announced Friday that the British government intend to issue a Renminbi denominated bond and to use the proceeds to finance the government's reserves of foreign currency.
"I can now announce that the UK government intend to be the first national government outside of China to issue a bond in China's currency. We issued bonds in U.S. dollar before, now we will be issuing a bond in RMB," said Osborne in the press release of the Sixth China-UK Economic and Financial Dialogue (EFD).
Chinese Vice Premier Ma Kai and Osborne concluded the meeting of the Sixth China-UK Economic and Financial Dialogue in London.
Osborne described this dialogue outcome as "a historic moment" and a statement of British confidence in the potential of the RMB to become "the main global reserves currency".
"And let me be clear, as China becomes a bigger and bigger part of the world economy, their currency is going to be used around the world. We here in Britain understand that, and we want us to be the first country in the west to seize the opportunities that it will bring," declared Osborne.
originally posted by: ScepticScot
a reply to: MrSpad
Of current UK oil approximately 90% would be Scottish post independence.
originally posted by: Soloprotocol
48 hrs to go, and still no answer to What is Westminsters Plan B.. Tick Tock, Tick Tock...
Increased oil investment in Scotland’s Atlantic waters has led to a growth in the strength of Scotland’s oil and gas sector. In recent months reports have focus on the new Clair Ridge field, a massive £4.5 billion oil investment project. A new industry report goes even further and estimates that these recent investments represent only a fraction of a 100 year oil boom for Scotland’s Atlantic Margin.
originally posted by: Soloprotocol
What Westminster and the Media are hiding from Everyone...I wonder why that is.??
Increased oil investment in Scotland’s Atlantic waters has led to a growth in the strength of Scotland’s oil and gas sector. In recent months reports have focus on the new Clair Ridge field, a massive £4.5 billion oil investment project. A new industry report goes even further and estimates that these recent investments represent only a fraction of a 100 year oil boom for Scotland’s Atlantic Margin.
Scotland set for a 100 year Oil boom west of Shetland
Alba Gu Brath
originally posted by: Soloprotocol
Before i head off to bed...Anyone got a Plan B yet....Time is running people...Tick Tock.
originally posted by: alldaylong
originally posted by: Soloprotocol
Before i head off to bed...Anyone got a Plan B yet....Time is running people...Tick Tock.
You will need that clock repaired on Friday
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