Home>>
Malaysian, Chinese central banks renew bilateral currency swap arrangement
(Xinhua) 09:53, November 24, 2021
KUALA LUMPUR, Nov. 23 (Xinhua) -- Malaysia's central bank Bank Negara Malaysia (BNM) and China's central bank the People's Bank of China (PBOC) have renewed the bilateral currency swap arrangement for a term of five years, with the size maintained at 180 billion yuan or 110 billion ringgit, the BNM said on Tuesday.
The BNM said in a statement that the first agreement between the bank and the PBOC was established in 2009, and was renewed in 2012, 2015 and 2018.
"This renewal reinforces the ongoing cooperation by both central banks. The swap arrangement supports settlement of regional trade and investment in local currency, as well as promotes regional financial stability," said BNM Governor Nor Shamsiah Mohd Yunus.
(Web editor: Zhong Wenxing, Liang Jun)
Photos
Related Stories
- China to donate another 1 mln Sinovac vaccines to Malaysia
- China to issue commemorative coins for Year of the Tiger
- China's central bank injects liquidity into market
- China's central bank urges proper data usage, stronger personal data protection
- China's central bank conducts 200 bln yuan of reverse repos
About People's Daily Online | Join Us | Contact Us
Copyright © 2021 People's Daily Online. All Rights Reserved.
Copyright © 2021 People's Daily Online. All Rights Reserved.