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Top central banks renew currency swapsTop central banks around the world have renewed a series of currency swap lines set up during the 2007-2009 financial crisis, providing a precaution against future market strains. The US Federal Reserve said it had extended for an More… |
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UAE, China sign $5.5bn currency swap dealChina and the United Arab Emirates on Tuesday signed a currency swap agreement worth 35 billion yuan ($5.54 billion), the People's Bank of China said, adding that the deal was effective for three years and would boost two-way trade and investment. More… |
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India, Japan agree $15bn currency swapIndia and Japan have agreed to a $15 billion currency swap line, a Japanese official in Delhi said on Wednesday, in a positive move for the troubled Indian rupee, Asia's worst performing currency this year. The two countries previously had More… |
