KARACHI -- Trade and industry have drawn the attention of policymakers towards the currency swap
agreement recently reached between India and United Arab Emirates (UAE), and warned that it would open up new avenues of trade between these two countries.
KARACHI -- The trading and business leaders have urged the government to enter into a currency swap
agreement with UAE, considering the recent agreement reached between India and UAE.
The Bank of Thailand has said that it has renewed a three-year currency swap
agreement with the People's Bank of China.
After signing the currency swap
agreement (CSA) with People's Bank of China (PBoC), the SBP had taken a series of steps to promote use of CNY in Pakistan for bilateral trade and investment with China.
The EAD secretary was of the view that over $6 billion that the central bank borrowed under the currency swap
arrangements were part of the $7.
Iran sees a solution to withstand possible future challenges in concluding bilateral currency swap
agreements with some of its trade partners.
TOKYO, Oct 13 (KUNA) -- South Korea and China have agreed to extend their currency swap
deal, the head of South Korea's central bank said, the Seoul-based Yonhap News Agency Friday.
South Korea and China were to hold another meeting Tuesday to discuss whether to extend the existing currency swap
deal, the head of South Korea's central bank said.
Malaysia and Japan are finalizing a currency swap
agreement of up to US$3 billion (about RM13 billion) to contribute to financial market stability and bolster ties between the two countries.
Colombo -- Prime Minister Nawaz Sharif on Wednesday said that Pakistan was examining the possibility of having a currency swap
agreement with Sri Lanka, almost an year after India announced a similar deal with the island nation.
According to the companies, cross currency swap
trades expose counter-parties to settlement risk as a result of the high value of initial and final principal exchanges.
Chinese officials signaled Saturday that they are willing to expand a US$24 billion currency swap
program to help Russia weather the worst economic crisis since the 1998 default.