Summary:
Currency swaps through the Renminbi Clearing Centre in the UAE reached $7.01 billion (Dh25.7 billion; RMB44.57 billion) dur...
'The $7.22 billion foreign
currency swaps must have been avoided due to the country's bad experience in late 1990s,' said former finance minister Dr Hafiz Pasha.
BANKING AND CREDIT NEWS-June 15, 2018--Brazil central bank to continue
currency swapsM2 EQUITYBITES-June 15, 2018--Brazil central bank to continue
currency swapsThe central banks of India and Sri Lanka have entered a deal on
currency swaps.
They said the central bank is using
currency swaps with commercial banks which flatter the currency reserve figures.
Two phone calls to China's central bank seeking comment on the terms of its
currency swaps weren't returned.
Keywords:
Currency swaps; Bid-ask rates; Interest rate swaps
The Association of Southeast Asian Nations (ASEAN) and its partners Japan, China and South Korea have made good progress on the
currency swaps.
Finance ministers from 13 East and Southeast Asian countries will declare after their meeting Wednesday that good progress has been made toward creating a network of
currency swaps among them, according to a draft of their joint statement.
Finance ministers from the Association of Southeast Asian Nations agreed with Japan, China and South Korea in early May in Chiang Mai, Thailand to establish bilateral
currency swaps to strengthen their financial systems and prevent future financial crises.
