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Because interbank markets are global in scope, the Federal Reserve has also approved bilateral currency swap agreements with 14 foreign central banks.
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That person would wire real currency such as dollars to approved third-party currency exchangers in countries including Russia and Nigeria.
WSJ: U.S. Alleges $6 Billion Money-Laundering Operation at Liberty Reserve
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Will that be a step too far for French voters, who in 1992 approved the Maastricht treaty, leading to the single currency, by only the narrowest of margins?
ECONOMIST: The Euro-confusion in France
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Under the same pilot scheme, the regulators have approved another HSBC client to reduce its cross-border foreign currency cash management to a single payment.
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With the fiscal measures approved, the government will be able to renew its local-currency debt.
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Soon, however, the White House admitted the president had himself erred, having approved a White House coffee guest list that included DNC officials, Comptroller of the Currency Eugene Ludwig, and several banking executives.
CNN: The People