Clearing in example sentence

Acknowledging this, the People’s Bank of China has negotiated currency swap lines with other central banks and has designated one of the country’s five large state-owned commercial banks as official clearing bank to settle transactions in renminbi in a variety of foreign financial centers.

More example sentences with word clearing

"Death cleaning" is the Swedish term for clearing out your closets, your basement and your attic before you die, so your kids don't have to do it later.

If we come back to the same place in 2001, what we're going to find is that these roads spurt off more roads, and more roads after that, at the end of which is a small clearing in the rainforest where there are going to be a few cows.

After another two hours of hiking, the winding trail abruptly ended at a clearing, and before us was a mass of holes that could fit into the size of a football field, and all of them were full of enslaved people laboring.

Now, re-wilding is moving faster in Korea than it is in America, and so the plan is, with these re-wilded areas all over Europe, they will introduce the aurochs to do its old job, its old ecological role, of clearing the somewhat barren, closed-canopy forest so that it has these biodiverse meadows in it.

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