SHANGHAI (Reuters): China’s central bank said on Saturday it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide support to participating central banks in times of market fluctuations.
The People’s Bank of China (PBOC) said the arrangement’s first participants, in addition to the PBOC, would include Bank Indonesia, the Central Bank of Malaysia, the Hong Kong Monetary Authority, the Monetary Authority of Singapore and the Central Bank of Chile.
Each participant will contribute a minimum of 15 billion yuan ($2.2 billion) or the US dollar equivalent, it said. The BIS said in a separate statement that the funds could be contributed either in yuan or US dollars, and that they would be placed with the BIS, creating a reserve pool.
JERUSALEM (Reuters): Israeli war cabinet minister Benny Gantz demanded on Saturday that Prime Minister Benjamin…
HANOI: Vietnam’s governing Communist Party has nominated the public security minister to be the next…
TORONTO (Reuters): Some Canadian provinces have logged a jump in unclaimed dead bodies in recent…
SAN FRANCISCO (AFP): A man who attacked the elderly husband of former US House Speaker…
F.P. Report ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday decided to send Deputy Prime Minister…
F.P. Report LAHORE: Pakistan Muslim League-Nawaz supremo Mian Nawaz Sharif reiterated his long held position…
This website uses cookies.