ECB and Folks’s Financial institution of China prolong bilateral foreign money swap association @ Foreign exchange Manufacturing facility

From ecb.europa.eu

European Central Financial institution and Folks’s Financial institution of China prolong the bilateral foreign money swap association established in 2013 for one more three years Swap association has a most measurement of 350 billion Chinese language renminbi and €45 billion Can function backstop liquidity facility to handle potential scarcity of renminbi for euro space banks The European Central Financial institution (ECB) and the Folks’s Financial institution of China (PBC) have determined to increase for one more three years, till eight October 2022, their bilateral foreign money swap association at unchanged circumstances. The ECB and the PBC established the primary three-year bilateral foreign money swap association on … (full story)