(MENAFN- Qatar News Agency) Ijing July 22 (QNA) - China's central bank announced that it signed a bilateral currency swap agreement with the Swiss National Bank (SNB) worth 150 billion Yuan or 21 billion Swiss francs (24.4 billion US dollars).
The signing of the currency swap deal can help facilitate trade and investment between China and Switzerland and provide liquidity support for the development of the offshore Yuan market in Switzerland the People's Bank of China said.
In a separate statement the SNB said it was also granted an investment quota for the Chinese interbank bond market in the amount of 15 billion Yuan.
Since 2009 China has set up bilateral currency swap lines with more than 20 countries and regions. (QNA)
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