129770919871718750_71Report from (reporter Gao Chen) this week, the people's Bank has concluded with Mongolia and Australia signed a currency swap agreement.
The recent deployment of people's Bank has accelerated the pace of bilateral currency swaps. Said the people's Bank, approved by the State Council, on March 20, 2012, the people's Bank of China and Mongolia in banks was signed in Beijing and Inner Mongolia supplementary bilateral currency swap agreements, swaps rulesMode from the original 5 billion yuan RMB/1 trillion figure expanded to 10 billion yuan renminbi in LTL/2 trillion figure. In May 2011, people's Bank and Central Bank of Mongolia in Ulaanbaatar have signed bilateral currency swap agreements amounting to 5 billion yuan.
Agreement is valid for three years, by mutual agreement can be extended. People's Bank of China and Mongolia silverSigned the agreement on expanding the scale of bilateral currency swaps on March 22 after the
tera gold, the people's Bank and Australia the Reserve Bank signed in Beijing a Sino-Australian bilateral currency swap agreements. According to the agreement signed between China and Australia's Central Bank, swap size of RMB 200 billion/30 billion Australia dollars, valid for three years, by mutual agreement can be extended. 200 billion yuanSwap size in bilateral currency swap agreements signed in recent years by the people's Bank, is also a relatively high level.
In bilateral currency swap is a service of the real economy financial arrangements, with the aim of promoting the development of bilateral trade, to avoid financial risks, lower financing costs and export costs. At the end of 2011
tera power leveling, the people's Bank and Korea, and Malaysia, Chinese incenseHong Kong, Belarus, and Argentina in 14 countries and regions, such as central banks or monetary authorities signed a total of 1.3 trillion yuan in bilateral currency swap agreements, some agreements entered the stage of real use. The recent deployment of people's Bank has accelerated the pace of bilateral currency swaps
tera gold, internationalisation ushered in a phase of rapid development. 2012 three years ago only aMonths, the people's Bank and the U.A.E., and Mongolia, Bank of 5 signed bilateral currency swap agreements, total size of 435 billion yuan. ()
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