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皇冠体育app agrees to buy 50-billion-dollar IMF bonds

(Xinhua)
Updated: 2009-09-03 04:40

WASHINGTON:The International Monetary Fund (IMF) said on Wednesday that 皇冠体育app has agreed to buy the first bonds issued by the agency for about 50 billion dollars.

IMF Managing Director Dominique Strauss-Kahn and Yi Gang, deputy governor of the People's Bank of 皇冠体育app, have signed the agreement, the IMF said.

According to the agreement, 皇冠体育app would purchase up to SDR 32 billion (around 50 billion dollars) in IMF notes.