Tag: PBOC

November 26, 2015 BY Maria Nikolova

ECB, People’s Bank of China test bilateral currency swap arrangement

The European Central Bank (ECB) and the People’s Bank of China (PBOC) today announced the successful testing of their bilateral currency swap arrangement. The arrangement was established in October 2013, with a maximum size of RMB 350 billion and EUR 45 billion. As part of the ECB’s plan to regularly test its operational capabilities, the…

Read more