The People's Bank of China and the Central Bank of Iceland have renewed currency swap agreement
The People's Bank of China and the Central Bank of Iceland have renewed its bilateral currency swap agreement. This is a renewal of an agreement that was signed on 9 June 2010 for the purpose of promoting bilateral trade and direct investment of the two countries, and strengthening their financial cooperation. The amount of the agreement is 3.5 billion CNY or 66 billion ISK. The agreement has a 3 year maturity and can be extended.
Further information can be obtained from Már Guðmundsson, Governor of the Central Bank of Iceland, at tel: +354 569-9600.
30 September 2013