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China, Switzerland reach currency swap deal  

中瑞两国央行签署双边本币互换协议 有效期三年

据中国人民银行官网消息,经国务院批准,2014年7月21日,中国人民银行与瑞士国家银行签署了规模为1500亿元人民币/210亿瑞士法郎的双边本币互换协议,旨在为双边经贸往来提供流动性支持,并维护金融市场稳定。互换协议有效期三年,经双方同意可以展期。 [查看全文]
2014-07-21 16:34 Ecns.cn Web Editor: Si Huan
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(ECNS) – Central banks in China and Switzerland signed a bilateral currency swap agreement for 150 billion yuan ($24.15 billion) on Monday, according to the official website of People's Bank of China.

The agreement is valid for three years and can be extended by mutual consent.

The deal marks the progress of bilateral cooperation in monetary and financial fields, and helps facilitate trade and investment between the two countries, according to the report.

Moreover, it will provide liquidity backstops to the yuan market in Switzerland, the report added.

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