currency swap

The swap line is a key tool for supplying yuan to the global financial system.

Banking & Finance

Global central banks’ use of renminbi swap lines hits 2‑year high amid rising demand for China’s currency

The latest increase highlights China’s drive for renminbi internationalisation

The PBOC says the swap renewals will further deepen monetary and financial cooperation with these economies, help to maintain financial stability, and facilitate trade and investment.

Banking & Finance

China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks

[BEIJING] China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary, the People’s Bank of China (PBOC) said on Monday.

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