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.

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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?

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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.

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Under the measure approved Wednesday, the U.S. Department of Commerce would be directed to consider whether Beijing's currency practices amount to an unfair subsidy to Chinese companies in cases brought by their competitors.

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