皇冠体育app

Economy

皇冠体育app signs 3.5b yuan currency swap agreement with Iceland

(Xinhua)
Updated: 2010-06-10 15:48
Large Medium Small

BEIJING: 皇冠体育app's central bank has signed a bilateral currency swap agreement totaling 3.5 billion yuan ($513 million) with the Central Bank of Iceland.

Related readings:
皇冠体育app signs 3.5b yuan currency swap agreement with Iceland Asia's regional currency swap plan takes effect
皇冠体育app signs 3.5b yuan currency swap agreement with Iceland Thailand mulls RMB currency swap system
皇冠体育app signs 3.5b yuan currency swap agreement with Iceland Former Vice Premier: world economy facing long recovery
皇冠体育app signs 3.5b yuan currency swap agreement with Iceland 皇冠体育app, Argentina sign 70b yuan currency swap deal

The agreement has a three-year maturity and can be extended if both sides agree, according to the statement posted on the People's Bank of 皇冠体育app's website Thursday.

The move aims to deepen financial cooperation between 皇冠体育app and Iceland, and facilitate bilateral trade, said the statement.

皇冠体育app has previously signed bilateral currency swap agreements with the countries of the?Republic of Korea (ROK), Malaysia, Belarus, Indonesia and Argentina and the Hong Kong special administrative region.