05 month132019
The Central Bank of China and the Monetary Authority of Singapore renew a 300 billion yuan bilateral
According to news from the People’s Bank of China website on May 13th, with the approval of the State Council, the People’s Bank of China and the Monetary Authority of Singapore have recently renewed a bilateral local currency swap agreement to promote bilateral trade and investment to develop the economies of the two countries and provide short-term Liquidity to stabilize the financial market. The size of the agreement is 300 billion yuan/61 billion Singapore dollars. The agreement is valid for three years and can be extended upon mutual agreement.