Sources recorded that the currency swap
arrangement (CSA) between State Bank of Pakistan (SBP) and People's Bank of China (PBOC) had already been enlarged for a period of 3 years in respective local currencies.
Abu Dhabi: The UAE Central Bank said on Wednesday that a planned currency swap
between China and the UAE is going well and that transactions between the two countries are up 13 per cent year on year.
Summary: New Delhi [India], Dec 5 (ANI): Department of Industrial Policy and Promotion (DIPP) under Union Ministry of Commerce and Industry is upbeat over the signing of a currency swap
deal between India and the UAE.
The current gross official $8.2 billion reserves are largely maintained by taking short-term loans from commercial banks and taking Chinese and Saudi deposits under the currency swap
ISLAMABAD -- The lawmakers here on Wednesday hailed Pak-China currency swap
initiative and termed it as beneficial for economic cooperation, coordination and development between the two countries.
Abe and Modi also said they would conclude a $75 billion bilateral currency swap
agreement and welcomed an agreement to deepen cooperation between their two navies.
BANKING AND CREDIT NEWS-October 1, 2018--Argentina close to currency swap
deal with China
M2 EQUITYBITES-October 1, 2018--Argentina close to currency swap
deal with China
CENTRAL Bank of Nigeria (CBN) on Wednesday said the implementation of currency swap
agreement with China will drastically reduce importation of fake and substandard goods from the Asian country.
The credit facility that accompanies a currency swap
agreement between SBP and China's central bank has been hiked to 20b yuan ($3.13b) from 10b yuan, reports claim.
Fitch's Criteria for Rating Currency Swap
Obligations of an SPV in Structured Finance Transactions and Covered Bonds expects that a rating action with respect to a note tranche results in a corresponding rating action with respect to the related rated swap obligations.
The State Bank of Pakistan and People's Bank of China have agreed to increase the currency swap
arrangement amount from 10bn Chinese yuan to 20bn yuan and from Rs165bn to Rs351bn, the SBP said in a statement yesterday.