Chinese, Swiss Central Banks Sign Bilateral Swap Agreement
The Schweizerische Nationalbank (Swiss National Bank) (OTCMKTS:SWZNF) announced that it has entered into a bilateral swap agreement with the People’s Bank of China (PBC) that allows the central banks to purchase and repurchase up to 21 billion Swiss francs or 150 billion renminbi (about $23 billion) to help establish renminbi market in Switzerland. SNB has also been granted a 15 billion renminbi investment quota in the Chinese interbank . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat