ECB - People’s Bank of China extend bilateral euro-renminbi currency swap arrangement - Caribbean News Global

ECB - People’s Bank of China extend bilateral euro-renminbi currency swap arrangement - Caribbean News Global

ECB and People’s Bank of China extend euro-renminbi currency swap arrangement for another three years Swap arrangement has maximum size of CNY 350 billion and €45 billion Arrangement serves as backstop liquidity facility to address potential shortages of Chinese renminbi at euro area banks CHINA / GERMANY – The European Central Bank (ECB) and the People’s Bank of China (PBC) have decided to extend their bilateral euro-renminbi currency swap arra…