Javed said the government go for issuance of an RMB bond and import bill settlement could be conducted via currency swap arrangement
The currency swap arrangement
was executed between State Bank of Pakistan and People's Bank of China (PBoC) on Dec.
The Bank of Canada and the Bank of Korea today announced a standing bilateral liquidity swap arrangement
, effective immediately.
The two sides agreed this week to renew their swap arrangement
worth KRW 64 trillion (USD 55 billion), Bank of Korea Gov.
Agus Martowardojo signed a renewal of their bilateral swap arrangement
, allowing the two central banks to exchange their local currencies of up to 10.
Regional central banks including the Bangko Sentral ng Pilipinas (BSP) has recently inked a $2-billion ASEAN Swap Arrangement
(ASA) for another two years, its fifth supplemental agreement.
This is in addition to the existing framework on Currency Swap Arrangement
for the SAARC member countries.
The National Bank of Kazakhstan and the People's Bank of China have done the Agreement on the Organization of Settlements and Payments, and the Kazakh Tenge / Chinese Yuan Bilateral Currency Swap Arrangement
, the Kazakh central bank said Monday.
Saif Al Shamsi, assistant governor for monetary policy and financial stability at the Central Bank of the UAE, said that his institution and the Chinese central bank were now eager to "activate" their swap arrangement
The Chiang Mai Initiative - which started as a series of bilateral swap arrangements
in 2000 and has, over the last 14 years, developed into a multilateral currency swap arrangement
- was the obvious way to improve cooperation, although it had its skeptics.
Chidambaram on Thursday said pingthe bilateral currency swap arrangement
between India and Japan will further strengthen financial cooperation between the two countries.
The CMI -- which groups the 10 Association of Southeast Asian Nations (Asean) member countries plus China, Japan, and South Korea -- is a currency swap arrangement
worth a total of $240 billion.