China, Turkey sign currency swap deal
Updated: 2012-02-22 09:33
(Xinhua)
|
|||||||||
BEIJING - China's central bank said Tuesday that it has signed a 10-billion-yuan ($1.59 billion) currency swap agreement with the Central Bank of Turkey.
The three-year agreement will be extendable by mutual consent, the People's Bank of China said in a statement on its website.
The move is aimed at enhancing financial cooperation and promoting bilateral trade and investment, as well as ensuring regional financial stability, the statement said.
To promote the international use of the yuan, China has signed currency swap agreements with 15 countries and regions since the onset of the global financial crisis in late 2008.
Related Stories
China and Malaysia extend currency swap 2012-02-08 19:20
China, ROK expand currency swap agreement 2011-10-26 22:06
China, Pakistan ink currency swap deal 2011-12-24 13:19
PBOC doubles size of currency swap with Hong Kong 2011-11-23 08:06
- Overseas contract values rise
- Tianmao to push ahead with online sales of drugs
- Film agreement offers reel opportunities
- Online sales smart move for Jingdong, Mercedes
- Alibaba profit misses estimates
- Nuclear safety improvement a priority
- Xi forges stronger relationship
- China to raise health food standards
