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Saturday, 04 April 2009 |
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China and South Korea signed a 180 billion yuan / 38 trillion won swap agreement People's Bank of China and Bank of Korea announced 12/12/2008 signed a bilateral currency swap agreement, which provided liquidity to support the 180 billion yuan for the scale / 38 trillion won (2.829 billion U.S. dollars). This is conducive not only to assist Korea to solve the economic downturn, but also the first time for the yuan to go out of the country's official stance, the extraordinary historical significance. Some experts suggested that even though the internationalization of the renminbi (Yuan) still takes time, but it can be the right time to promote the internationalization of the RMB in East Asia.
People's Bank of China and the Republic of Belarus National Bank set up currency swap arrangement March 11, People's Bank of China and the Republic of Belarus National Bank announced the signing of a bilateral currency swap agreement. The central bank said the move is aimed at promoting bilateral trade and investment through the promotion of economic growth between the two countries. The agreement specifies the exchange of 20 billion yuan for 8 trillion Belarusian rubles for a 3-year validity period, and can be extended by mutual consent. People's Bank of China and Bank Indonesia set up currency swap arrangement March 23, People's Bank of China in Beijing, Bank Indonesia announced the signing of a bilateral currency swap agreement. Under the agreement, the two sides will exchange 100 billion Chinese yuan for 175 trillion Indonesian Rupiah. This agreement is effective for 3 years, and can be extended by mutual consent.
People's Bank of China and Argentina central bank set up currency swap arrangement April 2, People's Bank of China and the central bank of Argentina formally signed a bilateral currency swap agreement. March 29, People's Bank of China Zhou Xiaochuan, Governor of the Central Bank of Argentina signed a framework agreement on bilateral currency swap. It is reported that the size of the agreement is the exchange of 70 billion yuan / 38 billion pesos in Argentina. 3-year validity period of the agreement can be extended by mutual consent. In addition, the People's Bank of China has also signed a currency swap agreement with Hong Kong Monetary Authority, and the National Bank of Malaysia. Source: compiled from Xinhuanet.com |
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