Korea and the U.S. have agreed to extend by six months a bilateral currency swap worth USD 60 billion. The central Bank of Korea on July 30 said it agreed with the U.S. Federal Reserve Board to extend ...

Egypt signed a local-currency swap agreement worth around $1.4 billion with the United Arab Emirates, as the North African nation seeks ways to ease an economic crisis. The deal will allow for the ...

China and Singapore doubled a currency swap agreement to 300 billion yuan ($48.3 billion) after the city-state became the third offshore center for the Chinese currency last month. Under the new ...

As China establishes itself as the world’s second largest economy and top trading nation, its currency, the renminbi (RMB), is also gaining popularity around the world. According to the People’s Bank ...

BEIJING, Nov 20 (Reuters) - The People's Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both ...

Korea’s push for an unlimited currency swap with the United States is likely to face significant hurdles, given the limited incentive for Washington to agree to the deal. Korea proposed establishing ...

China has renewed local currency swaps with three European central banks totaling 540 billion yuan ($75 billion), a move experts said highlights deepening monetary cooperation to safeguard financial ...

Recent decades have seen Asian economies make greater use of bilateral currency swap lines. Both Japan and China deploy these facilities, though some difference in approach has become apparent, with ...

In a statement released by the People’s Bank of China (PBoC), the deal was signed on agreement with the Central Bank of Nigeria (CBN) on April 27 and aims to facilitate “bilateral trade and direct ...

Argentina has repaid the United States for a currency swap framework it provided to the South American country last year to ...