USEUROPEAFRICAASIA 中文双语Français
Home / Top News

Currency swap signed with the EU a 'landmark'

By Li Xiang in Paris and Zhang Chunyan in London | China Daily | Updated: 2013-10-11 07:20

Largest deal outside Asia is big step toward yuan internationalization

China and the European Union signed a currency swap agreement to boost trade and financial stability in a move that also marks a landmark step for the yuan's internationalization.

The three-year swap line with a maximum value of 350 billion yuan ($57 billion) is the largest the People's Bank of China has signed with a foreign central bank outside of Asia, higher than the 200 billion yuan agreement with the Bank of England.

Currency swap signed with the EU a 'landmark'

Today's Top News

Editor's picks

Most Viewed

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US