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Singapore and China renew bilateral currency swap arrangement

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Published Tue, Mar 15, 2016 · 09:50 PM

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    Singapore

    THE People's Bank of China (PBOC) and the Monetary Authority of Singapore (MAS) have renewed their bilateral currency-swap arrangement (BCSA) for a further term of three years with effect from March 7, 2016.

    The original arrangement was established in 2010 and first renewed in 2013. It is a key pillar of co-operation between PBOC and MAS to strengthen regional economic resilience and financial stability.

    Monetary Authority of Singapore

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