CURRENCY SWAPS 2008-2009-2010 LINKS ~
April 19, 2011
China, New Zealand sign 25 bln yuan currency swap deal
BEIJING, China and New Zealand have signed a 25 billion yuan ($3,83 billion) bilateral currency swap deal, the Chinese central bank said on Monday.
The deal was aimed at promoting bilateral financial cooperation and facilitating trade between the two countries, the People's Bank of China said on its website.
Since December 2008, China has broadened the influence of the yuan by arranging swap agreements with South Korea, Malaysia, Indonesia, Hong Kong, Belarus, Argentina, Iceland and Singapore. ($1 = 6.533 Chinese Renminbi)
http://www.reuters.com/article/2011/04/18/china-newzealand-swaps-idUSL3E7FI0LH20110418
