Bank of China and Russia signed a bilateral currency swap agreement


From The Bank of China:

The approval of the State Council, October 13, 2014, People’s Bank of China and the Central Bank of the Russian Federation signed a scale of 150 billion yuan / 815 billion rubles of bilateral currency swap agreements, aimed at facilitating bilateral trade and direct investment, promote bilateral economic development. Swap agreement is valid for three years, may be extended by mutual consent.

More…

    
Plugin by: PHP Freelancer
This entry was posted in Editorial, Financial. Bookmark the permalink.