MORE NEWS

FOREIGN EXCHANGE | Cesar Tordesillas, Malaysia
Published: 08 Feb 12
1066 views


Malaysia, China renew currency swap agreement

Malaysia and China renewed its 3 year currency swap agreement and increased its size to RM90 billion/RMB180 billion.

 

In a joint statement, Bank Negara Malaysia and the People's Bank of China said the original agreement was established on Feb 8, 2009 with an initial total size of RM40 billion/RMB80 billion.

"This renewed currency swap agreement will further reinforce the financial cooperation between both economies and facilitate greater bilateral trade and investment," they added.

For the source of this story, click here.

Sign up for our weekly newsletter

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

Tags: currency swap agreement, Bank Negara Malaysia, People's Bank of China, renminbi,

TOP NEWS
State Bank of India posts massive profit increase
State Bank of India posts massive profit increase India’s largest bank records an incredibly huge jump in profits after generous government support.
Chinese banks’ foreign expansion “irresistible”
Chinese commercial banks' NPL ratio below 1%
Vietinbank to conclude 20% stake sale in Q4
AMMB's Pre-Tax Profit Jumps To RM2.082 Billion
Bank of Tokyo-Mitsubishi UFJ freezes $2.6B Iranian assets
China needs more banking reforms
Commonwealth Bank posts lower than expected $1.69B Q1 profit
Bank Simpanan posts $332M net income
Hong Leong ups Q3 earnings by 49%
OTHER FOREIGN EXCHANGE NEWS
Renminbi continues long march towards internationalisation
Renminbi continues long march towards internationalisation Bankers see the Chinese renminbi or yuan becoming a key commodities currency.
The long march of the Renminbi
Royal Bank Of Scotland Bullish On Malaysian Ringgit
China's micro-lenders up 64 %, lends $30.7B
Bank Negara, Fatwa clarifies issues on forex trading