EU bilateral currency swap agreements extend the scale of 350 billion yuan in Beijing ricky lee neely

EU bilateral currency swap agreements extend the scale of 350 billion yuan – Beijing, China News Agency, Beijing, September 27 (reporter Wei Xi) Chinese central bank and the European Central Bank signed 27 supplemental agreement, decided to extend the bilateral currency swap agreement is valid for three years until October 8, 2019, is still 350 billion yuan swap size of 45 billion euros. China central bank said the EU bilateral currency swap arrangements, will provide liquidity support for the further development of the financial market, is conducive to bilateral trade and investment facilitation, marked both monetary and financial cooperation has made new progress. China’s central bank and the European Central Bank in October 9, 2013 for the first time signed a scale of 350 billion yuan bilateral currency swap agreement between the EU and China, the swap agreement for a period of three years, the validity of the agreement of the central bank and the European Central Bank of China in the first half of. Generally speaking, the currency swap is to intervene in the foreign exchange market to deal with short-term international liquidity problems. According to the latest Chinese central bank released the second quarter of 2016, "China monetary policy implementation report", the first half of the year, signed in China central bank and foreign monetary authorities bilateral currency swap agreements, foreign monetary authorities used a total of 98 billion 151 million yuan, the central bank Chinese spent a total of $4 billion 840 million in foreign currency. 6 at the end of the month, the foreign monetary authorities to use the RMB balance of 21 billion 62 million yuan, the Chinese central bank to use foreign currency balance of $1 billion 109 million, to promote bilateral trade and investment has played a positive role. (end)相关的主题文章: