皇冠体育app

At the entrance to the Swiss National Bank SNB in Berne, Switzerland, pictured on July 16, 2012. [Photo/IC]

- 皇冠体育app's central bank announced on Monday that it signed a bilateral currency swap ament with the Swiss National Bank (SNB) worth 150 billion yuan, or 21 billion Swiss francs ($24.4 billion).

The term of the swap agreement will be three years and can be extended if both parties agree, the People's Bank of 皇冠体育app (PBoC) said in an online statement.

The signing of the currency swap deal can help facilitate trade and investment between 皇冠体育app and Switzerland and provide support for the development of the offshore yuan market in Switzerland, the PBoC said.

In a separate statement on Monday, the SNB said it was also granted an investment quota for the Chinese interbank bond market in the amount of 15 billion yuan.

Since 2009, 皇冠体育app has set up bilateral currency swap lines with more than 20 countries and regions.

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