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China establishes direct trading pair between yuan and Swiss francs

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Chinese yuan banknotes and coins are arranged for a photograph in Beijing, China, on Friday, Dec 23, 2011.

[BEIJING] China will establish direct trading pair between yuan and Swiss francs in the interbank market, the China foreign exchange trading system operator said on Monday.

The trading pair will be effective from Nov 10, it said on its website (www.chinamoney.com.cn).

REUTERS